UK lifeboat scheme to issue decisions on mini-bond claims
Only around 150 victims have been granted compensation so far
London Capital & Finance
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Victims crowdfund to sue lifeboat scheme
After FSCS concluded just 1% of LCF bondholders are eligible for compensation so far
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UK regulator forks out £90,000 in fraudulent ads fight
FCA forced to pay for its own adverts to battle misleading promotions on Google
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Another mini-bond firm collapses
Around 1,800 customers invested roughly £36m
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Mini-bond victims take UK lifeboat scheme to court
Around only 1% of them have been awarded compensation so far
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Trustee of mini-bond firm ordered to pay £150,000
‘The sight of a trustee clinging to office is unattractive’ the judge told the high court
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UK lifeboat scheme declares 17 advisory firms in default
Between November 2019 and January 2020 from all over the UK
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Mini-bond victim caught in UK regulator data breach
Their personal details were publicly accessible despite not being relevant to the FOI request
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UK regulator slammed over failure to protect consumers
Gina Miller says FCA boss’ tenure a ‘toxic cocktail of negligence, incompetence and indifference’
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Mini-bond victims take legal action against lifeboat scheme
But FSCS denies wrongdoing, stating it has sought legal advice on the ‘complex and sensitive case’
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Dearth of DB schemes to hurt retirees
As unsuitable transfers could mean up to £20bn in lost income over five years
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Compensation paid to first group of mini-bond victims
As UK lifeboat scheme cashes out £2.7m to cover those caught up in the mis-selling scandal