Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • daniel80
    • By daniel80 22nd Oct 15, 6:31 PM
    • 230Posts
    • 48Thanks
    daniel80
    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.

    MSE Insert

    Check out our Where to Start Saving guide for help.
    Last edited by MSE Andrea; 01-09-2016 at 2:14 PM.
Page 6
    • Malthusian
    • By Malthusian 10th Oct 17, 3:25 PM
    • 3,460 Posts
    • 5,302 Thanks
    Malthusian
    There is no need to report the posts to us for suspected breach of copyright.
    Originally posted by MSE Andrea
    They weren't reported for breach of copyright, they were reported for repeatedly spamming multiple threads with drivel which aims to swamp the thread and drown out discussion of ultra high risk unregulated minibonds.
    • Superscrooge
    • By Superscrooge 10th Oct 17, 9:20 PM
    • 916 Posts
    • 633 Thanks
    Superscrooge
    And for those people looking at the previous 2 posts and thinking whether to read them or not because of their length, here is the summary.

    The LC&F bond is a very high risk 100% loss of capital investment that is not a retail consumer product. It is an unregulated investment. It has no FSCS protection.

    It is not the sort of investment that should be used by inexperienced investors and even if an experienced investor decided to dabble, it should not really form any more than 5% of their overall investable wealth.
    Originally posted by dunstonh
    Further to Dunstonh's comments.
    You only need to read the disclaimer on the London Capital and Finance website to realise this is an extremely risky investment


    Disclaimer

    The bonds are corporate loans and are not regulated by the FCA and investments into the LC&F bonds are not protected by the Financial Services Compensation Scheme (FSCS).
    Investing in the Bonds carries significant risk and you may lose part or ALL of your investment. Investors should note that repayment of the bonds offered by London Capital & Finance Plc, and the payment of interest on the bonds, depends on the performance of loans made by London Capital & Finance Plc to various small and medium sized borrowers. In the event that these borrowers default on the loans, investors are likely to lose some or ALL of their investment.
    • bigadaj
    • By bigadaj 11th Oct 17, 3:05 AM
    • 10,803 Posts
    • 7,100 Thanks
    bigadaj
    Further to Dunstonh's comments.
    You only need to read the disclaimer on the London Capital and Finance website to realise this is an extremely risky investment


    Disclaimer

    The bonds are corporate loans and are not regulated by the FCA and investments into the LC&F bonds are not protected by the Financial Services Compensation Scheme (FSCS).
    Investing in the Bonds carries significant risk and you may lose part or ALL of your investment. Investors should note that repayment of the bonds offered by London Capital & Finance Plc, and the payment of interest on the bonds, depends on the performance of loans made by London Capital & Finance Plc to various small and medium sized borrowers. In the event that these borrowers default on the loans, investors are likely to lose some or ALL of their investment.
    Originally posted by Superscrooge
    And yet they have large adverts in the daily and Sunday papers that make these look like savings bonds, targeted at people who aren't looking for investment risk, let alone this extreme end of the scale.
    • MSE Andrea
    • By MSE Andrea 16th Oct 17, 10:36 AM
    • 8,838 Posts
    • 21,145 Thanks
    MSE Andrea
    Hi everyone

    As you know, we're a friendly forum. Please help us keep it that way. If you don't agree with something someone's written please either respond politely or ignore it and block the forum member with your ignore list if you need to.

    In this instance, we believe bail-in re-posted the content after it had accidentally been removed, which may have been why some people feel it's been spammed.

    Now that bail-in has posted it once they shouldn't have to post again.

    Thanks folks!

    Andrea
    Could you do with a Money Makeover?


    Follow MSE on other Social Media:
    MSE Facebook, MSE Twitter, MSE Deals Facebook, MSE Deals Twitter, Forum Twitter, Instagram, Pinterest
    Join the MSE Forum
    Get the Free MoneySavingExpert Money Tips E-mail
    Report inappropriate posts: click the report button
    Point out a rate/product change
    Flag a news story: news@moneysavingexpert.com
    • dunstonh
    • By dunstonh 16th Oct 17, 12:18 PM
    • 89,929 Posts
    • 56,601 Thanks
    dunstonh
    Hi everyone

    As you know, we're a friendly forum. <snip>
    Originally posted by MSE Andrea
    But not a forum that has consumer interests at heart any more.

    90% of those two posts from Bail-in is drivel. Normally, garbage posts like bail-in's are not a problem but in this case you are talking about an unregulated, extremely high risk, 100% loss potential investment (it isnt even a retail product) that is being marketed as a fixed term deposit. A week doesnt go by without us seeing threads by unsuspecting consumers being caught out by it.

    Garbage posts can confuse those that are already confused. Oh big words in a long post must mean that person know what they are talking about - not. It is posted as a review. If MSE is allowing a review then they should check the credentials of the person making the review. And now his posts read as if it has MSE backing giving the garbage even more weight.

    MSE Andrea, do the right thing and delete those two posts. Allow bail-in to post normally like the rest of us but not provide official like reviews containing 90% garbage.
    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 an Independent Financial Adviser local to you.
    • coyrls
    • By coyrls 16th Oct 17, 12:41 PM
    • 922 Posts
    • 967 Thanks
    coyrls
    Hi everyone

    As you know, we're a friendly forum. Please help us keep it that way. If you don't agree with something someone's written please either respond politely or ignore it and block the forum member with your ignore list if you need to.

    In this instance, we believe bail-in re-posted the content after it had accidentally been removed, which may have been why some people feel it's been spammed.

    Now that bail-in has posted it once they shouldn't have to post again.

    Thanks folks!

    Andrea
    Originally posted by MSE Andrea
    Please review this attempt to create fear, uncertainty and doubt regarding the FSCS protection provided for bank deposits (my bolding):

    However, do not think that your low risk High Street bank savings account is safe. It is not. The last few years of the 2007-8 financial crisis illustrates this with the transposition and implementation in the UK of the Bank Recovery and Resolution Directive (BRRD) by the Banking Acts 2009 to 2016 (1/1/2016). To help avoid a state bail-out of a failing bank, now all of your savings deposits may legally be confiscated, converted into bank equity, a bail-in, by the UK Bank of England Prudential Resolution Authority (PRA). Not just shareholders but depositors as unsecured creditors will be bailed-in. Savings deposit accounts will be converted to equity, share accounts, in the bank company and the value will be used to recapitalise the bank and pay off the bank's liabilities. Possibly FSCS protected deposits to insured value could be included, although at present they are excluded. For more on this see thread post "BRRD, BofE, bank failure resolution, bail-in rule, FSCS, and bank savings deposits" in moneysavingexpert.com Savings and Investments forum. There are many online sites, including government, and press articles re the BRRD rules, including the toolkit bail-in rule.
    Is this the sort of rubbish that you are happy to see posted?
    • MSE Andrea
    • By MSE Andrea 16th Oct 17, 1:01 PM
    • 8,838 Posts
    • 21,145 Thanks
    MSE Andrea
    Hi

    All Forum readers must do their own research and no-one should ever take action based on anything anyone says on the Forum without doing that research first.

    As a Forum Team we've let bail-in post them because they are bail-in's own work. We don't remove content just because it's negative (or overly positive).

    We're not saying the information is correct or incorrect. It's up to people reading any post on the Forum to decide that for themselves.

    Andrea
    Could you do with a Money Makeover?


    Follow MSE on other Social Media:
    MSE Facebook, MSE Twitter, MSE Deals Facebook, MSE Deals Twitter, Forum Twitter, Instagram, Pinterest
    Join the MSE Forum
    Get the Free MoneySavingExpert Money Tips E-mail
    Report inappropriate posts: click the report button
    Point out a rate/product change
    Flag a news story: news@moneysavingexpert.com
    • coyrls
    • By coyrls 16th Oct 17, 3:13 PM
    • 922 Posts
    • 967 Thanks
    coyrls
    We're not saying the information is correct or incorrect. It's up to people reading any post on the Forum to decide that for themselves.
    Originally posted by MSE Andrea
    The issue is it's not written like a normal post on the Forum, it's written as "review" preceded by:
    NOTE: THIS REVIEW IS AN ORIGINAL DOCUMENT AUTHORED AND POSTED BY BAIL-IN AND MSE HAVE GIVEN PERMISSION TO POST
    which has the effect of implying more "authority" than a standard post.
    • eskbanker
    • By eskbanker 16th Oct 17, 4:06 PM
    • 5,903 Posts
    • 5,866 Thanks
    eskbanker
    The issue is it's not written like a normal post on the Forum, it's written as "review" preceded by:
    NOTE: THIS REVIEW IS AN ORIGINAL DOCUMENT AUTHORED AND POSTED BY BAIL-IN AND MSE HAVE GIVEN PERMISSION TO POST
    which has the effect of implying more "authority" than a standard post.
    Originally posted by coyrls
    It's already been watered down as it previously stated something more like 'authorised by MSE' until I challenged that on grounds similar to yours, although the relevant posts seem to have been deleted.

    Being charitable, I suspect that the permission bail-in refers to is MSE accepting that there are no copyright-related issues, as their post #99 alludes to some questioning this....
    • robatwork
    • By robatwork 16th Oct 17, 4:24 PM
    • 4,009 Posts
    • 4,353 Thanks
    robatwork
    We're not saying the information is correct or incorrect. It's up to people reading any post on the Forum to decide that for themselves.

    Andrea
    Originally posted by MSE Andrea
    Sorry that's a real cop out and not good enough.

    When everyone, mostly the long-term and respected variety of poster, is saying that a forum post is dodgy, unhelpful or spammy/scammy it's up to you to respect these members. Between us we have thousands of "thanked" posts and over 100 years of posting history.

    If we all "decide for ourselves" on everything then you wouldn't take down any scam. We've all decided - and you shouldn't be undermining us (and by inference the newer more gullible forum members).
    • Malthusian
    • By Malthusian 16th Oct 17, 5:20 PM
    • 3,460 Posts
    • 5,302 Thanks
    Malthusian
    Are we about to see London Capital & Finance promoted in the weekly MSE email?

    Or perhaps one of those official company reps is going to start popping up in all the threads about fixed term deposits telling them what a great rate they can get with a certain unregulated minibond provider?
    • eskbanker
    • By eskbanker 16th Oct 17, 6:00 PM
    • 5,903 Posts
    • 5,866 Thanks
    eskbanker
    Sorry that's a real cop out and not good enough.

    When everyone, mostly the long-term and respected variety of poster, is saying that a forum post is dodgy, unhelpful or spammy/scammy it's up to you to respect these members. Between us we have thousands of "thanked" posts and over 100 years of posting history.

    If we all "decide for ourselves" on everything then you wouldn't take down any scam. We've all decided - and you shouldn't be undermining us (and by inference the newer more gullible forum members).
    Originally posted by robatwork
    A bit of devil's advocacy here perhaps, but I think I'd be more inclined to side with Evelyn Beatrice Hall on this, i.e. "I disapprove of what you say, but I will defend to the death your right to say it", in that I'm not convinced that groupthink by itself is a rationale for wiping those posts on the basis of the opinions of some/many/most posters, regardless of perceived status.

    I do feel that those posts are way too long but IMHO that actually means they're less likely to be read by the gullible who are more prone to misunderstand the true nature of the product.

    As above, I do agree that it could be inferred from the style of the pieces that MSE somehow endorses them and clarification on that would help, but I'm not sure that deletion is necessary.

    Yes, investing in LC&F would be much riskier than some gullible folk would believe but I'm not aware of any clear evidence that it's a scam as such, even though their advertising may be on the edge of what's acceptable.

    Likewise, bail-in offers some opinions which are there to be challenged but it is a discussion forum so we're all free to do so. I can't see any reason to call the posts spammy and can't see either bail-in or MSE explicitly or implicitly endorsing LC&F themselves, so is there not some overreacting here? Yes, the posts are verbose, but is anyone able to highlight exactly which forum rules are being broken that would warrant removal by MSE?

    Discuss....
    • TrustyOven
    • By TrustyOven 16th Oct 17, 7:33 PM
    • 675 Posts
    • 718 Thanks
    TrustyOven
    Likewise, bail-in offers some opinions which are there to be challenged but it is a discussion forum so we're all free to do so. I can't see any reason to call the posts spammy and can't see either bail-in or MSE explicitly or implicitly endorsing LC&F themselves, so is there not some overreacting here? Yes, the posts are verbose, but is anyone able to highlight exactly which forum rules are being broken that would warrant removal by MSE?

    Discuss....
    Originally posted by eskbanker
    I think initially bail-in's posts seemed spammy. It looked like it was copied and pasted from some other format (i.e. not typed up in the MSE forum reply window). At the time we didn't know that it was bail-in's work. Now we do.

    On a slight tangent, I wonder how MSE Andrea's reply applies to the Asset Life Plc threads. I suppose now we have confirmation that posts should stay up:
    - if either negative or positive
    - because readers will do their own research
    - if it's your own content (not plagarised)
    - regardless whether the information is correct or incorrect.
    Goals
    Save £12k in 2017 #016 (£4212.06 / £10k) (42.12%)
    Save £12k in 2016 #041 (£4558.28 / £6k) (75.97%)
    Save £12k in 2014 #192 (£4115.62 / £5k) (82.3%)
    • bigadaj
    • By bigadaj 16th Oct 17, 7:41 PM
    • 10,803 Posts
    • 7,100 Thanks
    bigadaj
    Hi

    All Forum readers must do their own research and no-one should ever take action based on anything anyone says on the Forum without doing that research first.

    As a Forum Team we've let bail-in post them because they are bail-in's own work. We don't remove content just because it's negative (or overly positive).

    We're not saying the information is correct or incorrect. It's up to people reading any post on the Forum to decide that for themselves.

    Andrea
    Originally posted by MSE Andrea
    Please confirm how I may formally complain about your posts please.
    • robatwork
    • By robatwork 16th Oct 17, 8:45 PM
    • 4,009 Posts
    • 4,353 Thanks
    robatwork
    Likewise, bail-in offers some opinions which are there to be challenged but it is a discussion forum so we're all free to do so. I can't see any reason to call the posts spammy and can't see either bail-in or MSE explicitly or implicitly endorsing LC&F themselves, so is there not some overreacting here? Yes, the posts are verbose, but is anyone able to highlight exactly which forum rules are being broken that would warrant removal by MSE?

    Discuss....
    Originally posted by eskbanker
    OK I'll play for a bit. The posts were offensive to me. I realise that "being offended" is a value judgement and it would be up to a mod to find it offensive.

    I would also postulate that the posts would have been removed by Martin pre moneysupermarket takeover.
    • verybigchris
    • By verybigchris 16th Oct 17, 8:54 PM
    • 383 Posts
    • 490 Thanks
    verybigchris
    *edited by forum team* I suppose we'll just have to make the other posts stand out more...

    Don't invest in bonds from London Capital and Finance
    Last edited by MSE ForumTeam1; 17-10-2017 at 9:26 PM. Reason: Post edited by forum team - please be nice to all money savers
    • eskbanker
    • By eskbanker 17th Oct 17, 12:01 AM
    • 5,903 Posts
    • 5,866 Thanks
    eskbanker
    OK I'll play for a bit. The posts were offensive to me. I realise that "being offended" is a value judgement and it would be up to a mod to find it offensive.
    Originally posted by robatwork
    Offensive - really?!

    As per the rules, the forum team don't moderate as such (and hence Andrea's fence-sitting stance) but do review reported posts and act if deemed necessary. Clearly some posters reported bail-in's posts for suspected breach of copyright and these objections were dismissed, presumably after assurances from bail-in, but have you reported the posts if they offend you, and, if so, for what breach of the rules exactly?

    As mentioned earlier, I'm not seeking to defend the content of the posts, and they're undeniably waffly and pompously presented, but I don't see them as dangerous enough to warrant deletion when there don't really seem to be any valid grounds for doing so under the current rules....
    • robatwork
    • By robatwork 17th Oct 17, 8:14 AM
    • 4,009 Posts
    • 4,353 Thanks
    robatwork
    Blimey bail-in is quick enough to thank you for your admirable defence but searingly quiet on the matter himself...
    • eskbanker
    • By eskbanker 17th Oct 17, 12:22 PM
    • 5,903 Posts
    • 5,866 Thanks
    eskbanker
    Blimey bail-in is quick enough to thank you for your admirable defence but searingly quiet on the matter himself...
    Originally posted by robatwork
    And just for the avoidance of doubt, I'm not defending bail-in, and certainly not LC&F, but the principle of free speech (my turn to be pompous now!)
    • MSE Andrea
    • By MSE Andrea 17th Oct 17, 2:06 PM
    • 8,838 Posts
    • 21,145 Thanks
    MSE Andrea
    Hi everyone

    Thanks for your thoughts.

    We haven't changed Forum policy for many years. If you take a look at the forum rules you'll see they're pretty outdated and could do with a good update - it's on the list!

    http://www.moneysavingexpert.com/site/forum-faqs

    As explained but not in so much detail, the problem we've had with this is that some of you used the spam button on bail-in's original post and/or complained it broke copyright and it was automatically removed.

    The forum member contacted us and once we were satisfied it didn't break copyright we said bail-in could re post it. We asked bail-in to include a note explaining we'd said it could be posted so it's not reported again.

    We don't generally remove content just because someone doesn't like the format it's been posted in, or feels it's negative or incorrect.

    We might ask them politely to re-post it in a format that's easier for everyone to read, though, so people can understand easier. If this happens again please think about doing that if you could.

    Thank you all for your understanding, it really is appreciated.

    @bigadaj Could you read the very top of our Forum Rules please? Thank you

    Andrea
    Last edited by MSE Andrea; 17-10-2017 at 2:10 PM.
    Could you do with a Money Makeover?


    Follow MSE on other Social Media:
    MSE Facebook, MSE Twitter, MSE Deals Facebook, MSE Deals Twitter, Forum Twitter, Instagram, Pinterest
    Join the MSE Forum
    Get the Free MoneySavingExpert Money Tips E-mail
    Report inappropriate posts: click the report button
    Point out a rate/product change
    Flag a news story: news@moneysavingexpert.com
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,209Posts Today

5,597Users online

Martin's Twitter
  • RT @bearface83: @MartinSLewis check out the @Missguided new 60% off offer. Upping the cost of items almost double to make us think it?s a?

  • RT @efitzpat: Thank you SO SO much @MartinSLewis for your Student Loans refund advice! I just got a grand refunded right before Xmas! Whoop?

  • Have a lovely weekend folks. Don't do anything (fiscally) that I wouldn't do!

  • Follow Martin