Investors may wait years and pay fees to get Lehman struc prod compensation

They also may be forced to charge clients extra fees to cover the costs of going through the complex legal process to submit their claim. Providers say little progress has been made on the claims process for their clients' investments since the fall of Lehmans, while one provider has warned it may now charge a fee to act on investors' behalf. Structured product boutiques Meteor, NDFA and ACI (formerly Arc) were all hit by the bank's collapse, which affected 23 products with £107m under management held by around 5,620 UK investors. In July this year, the Treasury announced the affec...