FSCS prepares to close LCF compensation scheme

Final date undisclosed

Ayesha Venkataraman
clock • 2 min read

The Financial Services Compensation Scheme (FSCS) has called on the families of deceased customers who lost money in the collapse of mini-bond company London Capital & Finance (LCF) to get in touch with the lifeboat fund as its LCF compensation scheme nears closure.

The lifeboat fund said it was preparing to close the scheme, without providing a final date for its end. "Some LCF bondholders have sadly passed away since they made their investment. FSCS has managed to contact the families or executors for most of these bondholders, but there are a small number that we have not been able to trace. "If you believe a family member invested in LCF and has since passed away without receiving any compensation from FSCS, please get in touch with us as soon as possible," said the FSCS in the update. The FSCS began offering compensation to bondholders on...

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