Mini-Bonds: Can You Get Your Money Back?

Investors in collapsed mini-bond firm LC&F to receive 80% of their money back under Government scheme

James Gard 19 April, 2021 | 5:01PM
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Money

The Government has confirmed details of compensation for investors in collapsed mini-bond firm London Capital & Finance (LC&F) for those outside the safety net provided by the Financial Services Compensation Scheme (FSCS).

Bondholders will be able to claim up to 80% of the money lost when LC&F went under, up to a maximum of £68,000. John Glen MP, the Economic Secretary to the Treasury, said that UK Government would not usually provide a bailout for losses outside the FSCS but the collapse of LC&F was "unique and exceptional".

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James Gard  is content editor for Morningstar.co.uk

 

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