Page 36 - Smith Williamson News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Details of Compensation scheme for London Capital & Finance bond holders announced Details of the scheme to compensate bondholders who lost money due to the collapse of London Capital & Finance have been set out by the Economic Secretary to the Treasury, John Glen, today (19 April 2021). From: 19 April 2021 Due to the unique and exceptional nature of the situation concerning London Capital & Finance (LCF), the government will establish a scheme that provides 80% of LCF bondholders’ initial investment up to a maximum of £68,000. Where bondholders have received interest payments from LC...

One investor defines ‘best outcome we could have hoped for’ as ‘hallelujah moment’ The UK government will establish a scheme to pay 80% of London Capital & Finance (LCF) bondholder’s initial investment up to a maximum of £68,000 ($94,890, €78,903). Where bondholders have received interest payments from LCF or distributions from administrators Smith & Williamson, these will be deducted from the sum of compensation payable. The scheme will be available to all LCF bondholders who have not already received compensation from the Financial Services Compensation Scheme (FSCS) and repres...

Most former Reyker clients get 80% compensation    By Jean-Baptiste Andrieux 13 th April 2021 3:40 pm Most of the 11,500 former clients of collapsed wealth management firm Reyker Securities plc have regained access to their assets. An update from the Financial Services Compensation Scheme reveals how the settlement came about. It says close collaboration with joint special administrators at Smith & Williamson returned the assets quickly. Since the end of January 2021, Smith & Williamson and Reyker have been transferring the assets of their former customers to new...

Administrator to top adviser: Ann-Marie Atkins' journey up the ladder Challenging embedded thinking Winner of the Role Model of the Year award at the 2020 Women in Financial Advice Awards, Ann-Marie Atkins talks to Cherry Reynard about her career progression and being process-driven... Ann-Marie Atkins' career has seen her move through every rung of the financial advice ladder. She started out in administration, but today advises ultra-high net worth clients at Tilney Smith & Williamson as one of the group's top fee-earners. It is a career path that has helped her master the delicate art of s...

There has been some updates to the sad drama surrounding the Caterham F1 Team. The representatives of 1MRT/Caterham F1 Team have agreed to hand-over full management of the team to the administrator Finnbarr O’Connell from […]