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United Kingdom · Question · Written question

UIN 187266

Financial Services Compensation Scheme: Compensation

answeredUnited Kingdom· UK Parliament· EN

Introduced

26 April 2021

Last action

29 April 2021 · Answer

Status

Answered

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Discovery layer

Source updated

29 April 2021

Summary

To ask the Chancellor of the Exchequer, with reference to the announcement of a compensation scheme for London and Capital Finance bond holders of 19 April 2021, whether his Department has considered paying similar compensation to the Financial Services C

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Timeline

  1. 26 April 2021

    Written question

    To ask the Chancellor of the Exchequer, with reference to the announcement of a compensation scheme for London and Capital Finance bond holders of 19 April 2021, whether his Department has considered paying similar compensation to the Financial Services C

    Source: Commons

  2. 29 April 2021

    Answer

    Following an extensive investigation, the Financial Services Compensation Scheme (FSCS) found that certain London Capital and Finance (LCF) bondholders were eligible for FSCS compensation. The FSCS has now paid out £57.6m to over 2,800 LCF bondholders, an...

    Source: Written answer

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