Compensation
Momentum ordered to compensate Continental Wealth clients
55 complainants had substantial investments in structured notes
UK lifeboat scheme gives 18,000 investors access to money
After a collapsed wealth firm’s client book was transferred to a nominated broker
Wealth firm sets aside £2.1m to pay for rogue adviser fraud
Several victims already approached the company with claims after losing £4.5m
UK lifeboat scheme pays out over £5m to mini-bond victims
But process will take longer than expected as it recouped additional evidence
UK Sipp firm goes bust
But eligibility over compensation may be decided in the High Court