FSCS hands out another £8.4m to failed mini-bond investors

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FSCS hands out another £8.4m to failed mini-bond investors

The Financial Services and Compensation Scheme (FSCS) has issued another £8.4m to investors of the failed mini-bond issuer London Capital & Finance (LCF). According to a note on the FSCS website, the lifeboat scheme has now issued 844 decisions and paid out more than £13.5m in compensation, an increase from the £5.1m it said it had issued in June (25). It said it expects the volume of decisions to increase further in the coming months. The note also said: "The specialist t...

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