Lifemark Keydata Compensation
Published / Last Updated on 27/09/2010
by Ashley Clark, Director
The Financial Services Compensation Scheme has confirmed that 19,000 Lifemark Bond clients who bought investments via defunct Keydata will be offered compensation.
Keydata was declared insolvent last year with financial intermediaries having to foot the bill and this new ruling now adds a further £350m of investments for potential compensation that we will have to pay for having NEVER recommended a Keydata investment plan.
We are independent advisers and we are having repeatedly to pick up the bill for failed companies who act like product providers and lose clients millions yet get away with no bill at the end.
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