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Most Beaufort customers to be compensated in full, says FSCS
Chris Hamblin
2 August 2018
The distribution plan was agreed by Beaufort’s creditors’ committee on 13th July, and was approved by the High Court on 26 July, and became effective on 27 July. It lays out the way in which the administrators who work with the FSCS plan to return Beaufort customers’ money and assets. The Financial Conduct Authority suspended the London brokerage firm's operations in March, declaring it insolvent and appointing PwC as its liquidators. Fraud charges followed in the US.