Less than 2% of defunct LCF bondholders to receive compensation

On the 01.10.20 at 7:43AM


Tuba Raqshan

UK compensation body Financial Services Compensation Scheme (FSCS) will protect only 159 – barely 2% – of the 11,600 bondholders of the defunct London Capital and Finance (LCF).

Around 11,600 bondholders purchased 16,700 mini-bonds worth £237m from LCF, which started operating on 30 January 2019.

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