The Financial Services and Compensation Scheme (FSCS) has issued another £8.4m to investors of the failed mini-bond issuer London Capital & Finance (LCF).
According to a note on the FSCS website, the lifeboat scheme has now issued 844 decisions and paid out more than £13.5m in compensation, an increase from the £5.1m it said it had issued in June (25). It said it expects the volume of decisions to increase further in the coming months. The note also said: "The specialist team we set up to review these claims are continuing to analyse all the evidence we have collected. We understand this has been a distressing experience for LCF customers and appreciate the patience they have shown." West Riding Personal Finance Solutions managing direc...
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