The Serious Fraud Office, working in conjunction with the Financial Conduct Authority, has opened an investigation into individuals associated with failed £236m mini-bond firm London Capital & Finance Plc.  

The Financial Services Compensation Scheme has said it will not accept claims over collapsed mini-bond firm London Capital & Finance (LCF).

A worrying case reported on last week by Financial Planning Today and widely read will reverberate for some time to come - and not in a good way.