UK Financial Services Compensation Scheme (FSCS) warns that letters to clients of London Capital Finance are circulated on FSCS letterhead。They encourage LCF customers to contact in order to obtain compensation after liquidation of LCF assets。

These letters are not from the FSCS but are a scam and should be ignored by LCF customers。

London Capital Financial Limited (LCF) entered administration on 30 January 2019 and FSCS declared bankruptcy on 9 January 2020。

As at 19 April 2021, the FSCS had completed its review of evidence collected during the investigation and had paid more than £57.6m to 2,871 bondholders eligible for compensation under FSCS rules.。

On October 31, 2022, the FSCS ended its LCF compensation scheme administered on behalf of the government.。

Since the launch of the program, the FSCS has been successful in reaching 99.5% of eligible customers paid compensation to help customers and their families get back on track, a total of 1.£1.5 billion in compensation。