The FSCS will start issuing decisions on London Capital and Finance (LCF) claims relating to misleading advice given to investors before the end of the month.
After analysing nearly one million pieces of information, the lifeboat scheme said it has started reviewing the individual LCF claims on a case-by-case basis. The Financial Services Compensation Scheme (FSCS) has set up a specific team to review the cases. It said that while some customers received misleading advice and so would be eligible for compensation on the basis, it cautioned many investors did not. FSCS chief executive Caroline Rainbird said: "Having spent time reviewing all of the information we have gathered, I am pleased that we are now in a position to look at individu...
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