Government scheme to compensate London Capital & Finance investors after 'regulatory failings'

Mini-bond holders to receive 80% of initial investment

clock • 1 min read
John Glen, economic secretary to the Treasury
Image:

John Glen, economic secretary to the Treasury

The government has established a compensation scheme for investors who lost money after the collapse of London Capital & Finance (LCF) in 2019.

The government-funded scheme will provide 80% of LCF bondholders' initial investment up to a maximum of £68,000 and will be available to all LCF bondholders who have not already received compensation from...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

The Financial Conduct Authority's headquarters

FCA says Investment Firm Prudential Regime will require individual disclosure

Comes into effect 1 January 2022

clock 26 November 2021 • 1 min read
FCA streamlines decision-making process

FCA streamlines decision-making process

'Concern of procedural fairness'

clock 26 November 2021 • 2 min read
The FCA also purchased 307 Samsung phones and 39 iPhones

FCA pours £5m into laptops in bid to ramp up hybrid working

Move follows watchdog's warning on remote working

Pedro Gonçalves
clock 26 November 2021 • 3 min read