Insurers fail to pay mini-bond victims
As bondholders face losing any redress on £46m investment
Mini-bonds
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Pimfa calls for supervision of unregulated financial promotions
Trade body argues it would improve market and reduce burden on lifeboat scheme
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FCA under fire over ‘scandalous’ self-review
Watchdog’s compensation proposals are ‘intellectually dishonest and morally questionable’
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Small victory for mini-bond victims
As UK court greenlights legal action against lifeboat scheme
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Compensation hits £20m for mini-bond victims
But assessment process likely to go on until the end of 2020
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£13.5m in compensation paid to mini-bond victims
UK lifeboat scheme has issued 844 decisions, but there are lots more to go
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Investors seek government intervention on mini-bonds
They have started a petition to get the products regulated and victims compensated
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FCA to get final approval on financial product promotion?
As mini-bond scandal looms over the industry and the watchdog
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UK lifeboat scheme pays out over £5m to mini-bond victims
But process will take longer than expected as it recouped additional evidence
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FSCS apologises over customer satisfaction survey error
After UK lifeboat scheme caused ‘confusion’ for mini-bond victims who thought it was a scam
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Temporary mini-bond marketing ban to be made permanent
FCA demanded firms stop advertising to retail clients following growing concerns and failures
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‘Significant shortfalls’ for investors of failed mini-bond firm
Company only had £906 in its bank account when it entered administration