UK to pay 120 million pounds compensation to investors in failed LCF fund By Reuters
By Huw Jones and David Milliken LONDON (Reuters) - Britain's taxpayers will pay about 120 million pounds ($168 million) to compensate investors who lost money after the 2019 collapse of investment firm London Capital & Finance, the finance ministry said on Monday. The ministry said it would compensate 80% of losses made by holders of bonds from LCF, up to a maximum of 68,000 pounds per person. About 8,800 people will be entitled to compensation. "The situation regarding LCF is unique and exceptional and the government has decided to establish a compensation scheme for LCF bondholders...
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