London Capital & Finance (LCF) bondholders have been warned about a new scam by the Financial Services Compensation Scheme (FSCS).

The Financial Services Compensation Scheme has taken the unusual step of naming two firms suspected of trying to scam LCF mini-bond victims.

The Financial Conduct Authority has bitten back against accusations made by the Complaints Commissioner criticising the FCA register's role in the London Capital & Finance’s mini-bonds debacle.

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).