FSCS examining if London Capital & Finance customers could be compensated

The Financial Services Compensation Scheme (FSCS) has urged former customers of LCF to keep themselves up to date as it assesses whether there are grounds for compensation. Although the mini-bonds issued by LCF were unregulated and therefore not subject to FSCS protection, the lifeboat fund is now investigating whether the firm's business practices might give rise to a claim. The FSCS said it was looking at whether there was any regulated advising, arranging or other activities that might trigger its compensation process. It is also looking into the relationship between LCF and Bri...