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    • daniel80
    • By daniel80 22nd Oct 15, 6:31 PM
    • 228Posts
    • 48Thanks
    London Capital and Finance
    • #1
    • 22nd Oct 15, 6:31 PM
    London Capital and Finance 22nd Oct 15 at 6:31 PM
    Anyone had any dealing with this company. My son has 25k to invest for only 2 years as it will be a house deposit. Iv`e told him to stay away from the stock market as 2 years is not long enough. As he is not overly keen with saving accounts cash isa`s etc due to low interest rates I said what about premium bonds a gamble on winning but stake is safe only loss would be inflation. When I googled investment ideas a link came up who were called specialist investment ideas with free advice. I put in my details..I received a call about half an hour later the guy recommended the above company which was based in Mayfair. he sounded very posh. He said London Capital and Finance were offering bonds paying 8% the money being lent to various companies to a maximum of 60% of their assist. He seems more of a salesman than an advisor and wants to phone back Monday. Brochure looks ok online but something does not seem right. Anyone dealt with these.

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    Last edited by MSE Andrea; 01-09-2016 at 2:14 PM.
Page 4
    • bowlhead99
    • By bowlhead99 16th Oct 16, 2:20 PM
    • 4,823 Posts
    • 8,484 Thanks
    Steve: saw your posts earlier this year. Curious to know your position on LC&F now?
    Originally posted by goldenmagpie
    The LC&F offering has not changed substantially, remaining unsuitable for savers or mainstream investors. It is a specialist offering for sophisticated, high net worth or restricted investors (FCA definitions).
    They are member of FCA reg no 722603 - whatever that means. I am trying to keep safe, savings for personal health care in future as I have life-quality-reducing and life-limiting condition
    It means that they are licensed for secondary credit broking, which is far removed from the regulated activities which would be useful to you, such as taking customer deposits. Their investment options involve potential 100% loss of capital without any FSCS protection.

    Would you qualify as a sophisticated or high net worth investor? Like, you have income over 100k a year, net assets of over 250k excluding your home and value under insurance or pension contracts, or you work in private equity, or as a director of a company turning over 1m+ and have made multiple investments in unlisted companies in the last couple of years. Or you always invest under 10% of you money in things that can't be easily cashed in (restricted investor).

    Given your goal of keeping your money safe over a limited lifespan, it seems like investing in bonds which offer 100% loss potential would seem unwise. Did you read all the other posts in the thread from experienced and longstanding forum members? If not, do that.
    • dunstonh
    • By dunstonh 16th Oct 16, 5:41 PM
    • 84,454 Posts
    • 49,456 Thanks
    They are member of FCA reg no 722603 - whatever that means.
    It means very little if the product being sold is not a regulated retail packaged product.

    I am trying to keep safe, savings for personal health care in future as I have life-quality-reducing and life-limiting condition.
    So, what they offer is totally unsuitable for you.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
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