FSCS makes first compensation payments to clients of Lamp

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The Financial Services Compensation Scheme (FSCS) has paid compensation to a number of Lamp policyholders who had outstanding property damage claims when the firm collapsed.

This is the first set of payments made to clients of Lamp by the FSCS, it has said that it is continuing to work with the liquidator to facilitate the payment of protected claims and issuance of policy refunds.

The liquidator has appointed Grant Thornton’s Gibraltar office to manage the liquidation, while in the UK, Quest

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