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25 August 2020 | Comment | Article by Neil Stockdale

B&G Mini Bonds – The FSCS is now processing claims against B&G Finance Limited


The Financial Services Compensation Scheme (FSCS), the financial service industry’s lifeboat fund, has confirmed that it is now processing claims against B&G Finance Limited (“B&G”).

The London based firm entered into administration in April following an investigation into its business.

It was found that the firm, with links to the unregulated Bassett & Gold, may have mis-sold mini bonds to its customers from around March 2018. The said bonds were mostly concerned with short-term credit lender, Uncle Buck which is now defunct.

B&G’s demise having been involved with the sale of mini-bonds follows the London Capital and Finance scandal which we commented on previously which you can find on the right.

If you have been affected by this, contact the Financial Mis-Selling Team on 029 2267 5700 for a free initial chat. You may be entitled to compensation.

Author bio

Neil is head of the firm’s group actions and financial mis-selling teams, specialising in handling claims for financial mis-selling relating to energy contracts, pensions, investments and timeshares.

Disclaimer: The information on the Hugh James website is for general information only and reflects the position at the date of publication. It does not constitute legal advice and should not be treated as such. If you would like to ensure the commentary reflects current legislation, case law or best practice, please contact the blog author.

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