London Capital and Finance: Compensation for scandal victims
BBC News By Kevin Peachey image captionLCF promised returns of 8% for people investing for more than three years The City regulator failed to "effectively supervise and regulate" London Capital and Finance (LCF) which collapsed with losses for investors. Bank of England governor Andrew Bailey, who was running the Financial Conduct Authority (FCA), has apologised to those who lost life savings. Some 11,625 people invested a total of £237m with LCF before it collapsed into administration in January 2019. Many lost all their investment, but may now receive one-off compensation. "The scheme will...