FSCS prepares to close LCF compensation scheme

Final date undisclosed

Ayesha Venkataraman
clock • 2 min read
FSCS prepares to close LCF compensation scheme

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 m...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA research highlights consumer vulnerability to scam tactics

FCA research highlights consumer vulnerability to scam tactics

ScamSmart provides knowledge and tools to avoid pension scams

Ayesha Venkataraman
clock 06 October 2022 • 3 min read
Industry backs FCA's advice/guidance boundary review

Industry backs FCA's advice/guidance boundary review

Advice gap ‘not going away without significant change’

Ayesha Venkataraman
clock 30 September 2022 • 4 min read
Three conditions that were necessary to allow the deal to go ahead have not been and are unlikely to be satisfied,.

Link Group takeover deal collapses on FCA Woodford conditions

Three unsatisfied conditions necessary to allow the deal to go ahead

James Baxter-Derrington
clock 23 September 2022 • 1 min read