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London Capital & Finance investors receive more than GBP5 million from FSCS

( June 25, 2020, 16:00 GMT | Official Statement) -- MLex Summary: Investors who lost money when London Capital & Finance collapsed have received a total of 5,155,344 pounds in compensation from the Financial Services Compensation Scheme, the watchdog said in a statement today. The FSCS has so far issued 281 decisions, it said. The FSCS also said its originally planned deadline of end-September to reach decisions on the majority of claims won't be feasible, due to the workload created by the access it recently gained to an additional 100,000 messages held on LCF's e-mail server.The statement follows...

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