Mini-bond victims to get up to 80% of original investment
‘We finally get to draw a line under this unfortunate experience and get on with our lives’
London Capital & Finance
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FCA accused of ‘arrogance’ over LCF report response
As regulator apologises for ‘errors made in the handling of’ the mini-bond scandal
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Appeal costs force LCF victims to drop FSCS legal challenge
Losing could have resulted in a £600,000 bill for bondholders
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£57m jump in UK lifeboat scheme compensation
It paid redress to clients of 1,131 failed firms, 92 of which went bust in the last financial year
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FCA accused of senior managers regime hypocrisy
Critical LCF report alleges watchdog has not met the standards ‘which it seeks to impose upon others’
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UK government to pay £120m to stranded LCF bondholders
One investor defines ‘best outcome we could have hoped for’ as ‘hallelujah moment’
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Mini-bond victims to appeal FSCS judicial review
Judge expressed ‘greatest sympathy’ for investors but dismissed their claim
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Disbelief as UK lifeboat scheme levy forecast to hit £1bn
As regulators also eye increase to FSCS management budget
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FCA urges online platforms to step up check on financial ads
They should cross reference data with international regulators, watchdog CEO says
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FCA admits ‘mistakes’ in mini-bond and collapsed fund scandals
Bondholders will be able to claim compensation from regulator, economic secretary says
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FCA makes mass-marketing ban for mini-bonds permanent
UK financial watchdog introduced a temporary measure at the beginning of 2020
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FCA writes to 55 firms over misleading financial promotions
No enforcement action has been taken but the UK watchdog has a ‘number of ongoing investigations’