FSCS
UK lifeboat scheme to issue decisions on mini-bond claims
Only around 150 victims have been granted compensation so far
Dozen UK firms in default during March 2020
Lifeboat scheme said clients could be able to get back money they have lost
FSCS opens to claims as Sipp firm enters administration
It became insolvent based on the potential claims over high-risk investments
How can advice firms stay afloat during covid-19 pandemic?
Many were already under pressure and should trim budgets that are no longer appropriate
Victims crowdfund to sue lifeboat scheme
After FSCS concluded just 1% of LCF bondholders are eligible for compensation so far