FSCS in-default register

London Capital & Finance plc (LCF)

Declared in default9 January 2020FRN 722603

What this means for you

Because London Capital & Finance plc (LCF) has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.

Background

London Capital & Finance plc (FRN 722603) has been declared in default by the FSCS as of 9 January 2020. The firm provided investment advice and operated unregulated collective investment schemes. Eligible customers may claim compensation of up to £85,000 for losses relating to the firm's investment products, subject to FSCS eligibility criteria.

Products this firm wrote

Investment adviceUnregulated Collective Investment Schemes (UCIS)

How to claim

  1. Check you were a customer of this firm during the period it was regulated.
  2. Gather your policy / advice / contract paperwork — start with anything you have in writing.
  3. Identify your loss and the date it crystallised.
  4. Apply via the FSCS online claim portal at claims.fscs.org.uk.
  5. The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.