Lloyd's broker declared failed after Blackmore Bond investigation

This update from the lifeboat fund yesterday (12 March) followed an investigation into Lonsdale and the capital guarantee scheme it arranged in connection with Series 1 of the bonds issued by Blackmore Bond in March 2025. The investigation concluded in January. "It is possible that there are customers who purchased Series 1 bonds who are eligible for compensation," the FSCS stated in its latest update on the case on 20 January. "Each claim will be considered on an individual basis and under our rules, as set for us by the FCA." The FSCS set out that it anticipates that it will be begin...