UK financial compensation body raises levy to fund LCF claims
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LONDON (Reuters) - Britain's Financial Services Compensation Scheme (FSCS) said it had earmarked 44 million pounds to pay claims from a small number of the investors who lost money after the collapse of investment company London Capital & Finance (LCF).The FSCS said it would levy regulated financial firms 649 million pounds in the 2020/2021 year that started in April, 14 million pounds more than it had indicated in January, in part to cover the LCF claims."The overall increase in the FSCS levy..