FSCS forks out £2.7m to 135 LCF customers
In relation to 151 bonds
The bonds were invested following transfers out of stocks and shares ISAs.
The Financial Services Compensation Scheme (FSCS) has paid just under £2.7m to 135 customers of collapsed mini-bond provider London Capital & Finance.
Though mini-bonds are not a regulated product, the lifeboat fund said customers invested in the bonds following transferring out of stocks and shares ISAs, which is considered a regulated activity. The...
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