Tag Archives: compensation FCA

FSCS In LCF Investors’ Crosswires

| September 8, 2020

The scandal surrounding London Capital & Finance (LCF) deepens. Although the products involved were minibonds – very different from the asset-backed and secured loans offered here – the new line of attack is directed at the financial safety net that is the Financial Services Compensation Scheme. Interesting times. FT Adviser carries the story. Investors fighting […]

Compensation Calls Follow Lendy Failure – Plus IFISA Process Guide

| July 25, 2019

The fallout continues from the failure of Peer-to-peer (P2P) lending platform, Lendy. Lendy was regulated by the FCA, and there are vociferous calls for compensation for investors. The City grandee Lord Myners is at the fore of the this movement, The Times reports on this (subscription required), as does P2P Finance News. FORMER City minister Lord […]