Investors hit by the collapse of £236m London Capital & Finance (LCF) earlier this year have launched a petition aimed at the Treasury, the FCA, Nicky Morgan MP and Antony Townsend the Complaints Commissioner.

The Pension Regulator’s (TPR) Determinations Panel has recruited five members, as it prepares to rule on master trust authorisation applications.

The FCA has must pay an investor after falling victim to a scam which was blamed on the regulator’s “woefully inaccurate” register.