FSCS denies compensation on capital-at-risk Lehman products
The UK Financial Services Compensation Scheme has concluded that the marketing material for Lehman Brothers's capital-at-risk products was adequate and appropriate
About 2,000 investors in Lehman Brothers-backed capital-at-risk structured product plans run by failed firms Arc, NDF Administration and Defined Returns (DRL) will not be able to claim compensation from the UK's Financial Services Compensation Scheme (FSCS).
The FSCS says it is satisfied the relevant marketing materials for the products provided adequate and appropriate warnings that there was a risk to investors' capital if the organisation backing these investment products failed.
It announced
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