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Former customers pursuing claims against SVS Securities have been thrown a lifeline by the UK Financial Services Compensation Scheme, which has acknowledged discrepancies in the way in which money is being returned to those affected.

Speaking to the investors and members of the public involved in the SVS Securities scandal directly, the FSCS has confirmed its awareness that the assets and money being returned may not be sufficient and therefore pave the way for additional claims against the company.

The FSCS has indicated that customers wishing to claim for additional losses will be able to do so in due course, though these additional claims are not yet being accepted as the FSCS intends to first focus on all existing claims for money and assets.

An announcement will be made at a later date regarding these additional claims against SVS Securities – head over to the official FSCS website for more information at the following address: https://www.fscs.org.uk/failed-firms/svs/.