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No compensation for 98% of mini-bond investors

Just 135 customers of a collapsed property mini-bond firm have received any compensation, out of 11,600 investors.

The Financial Services Compensation Scheme has paid out slightly less than £2.7m to holders of London Capital & Finance bonds, which collapsed last year owing £236m.

The FSCS has warned that many investors would not be eligible for compensation, as the mini-bond market is unregulated.

The FT (£)

 

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