The Treasury has moved a step closer to making the underlying investments in mini-bonds a fully regulated activity to protect consumers after the £237m collapse of mini-bond provider London Capital & Financial (LCF).

The Financial Services Compensation Scheme has warned LCF bondholders about scam emails claiming to be from a director of LCF.

The Financial Services Compensation Scheme (FSCS) has paid out £91.1m to 7,750 LCF bondholders under the government’s compensation scheme in three weeks.

All remaining eligible London Capital & Finance (LCF) bondholders will receive an offer of compensation from the Government’s compensation scheme by 20 April 2022.