The Financial Services Compensation Scheme (FSCS) has contacted over 7,750 victims of London Capital & Finance (LCF) as of 16 December 2021.
The lifeboat scheme has issued cheques for over 10,000 bonds totalling £91m ($120m, €106m).
This means that just over 84% of LCF bondholders eligible for compensation have been paid redress.
“We are continuing to send out letters and cheques, and we expect at least another 200 bondholders to be contacted by the end of the year,” the FSCS said.
“The remaining offers involve more complex calculations and will come through in early 2022, with everyone receiving their offer by 20 April.”
