What you need to know about the FSCS's Lifemark action

Dozens of advisers have been receiving letters from Herbert Smith, the appointed lawyers of the Financial Services Compensation Scheme, alerting them to a claim of negligent advice on Keydata. For some, it is the first they have heard of any client complaint against them. For others it was expected, but they dismiss the suggestion poor advice was given at any stage. Here, Professional Adviser has attempted to pull together any questions you may have, and offer some guidance… Q What has happened? As expected, the FSCS has begun its pursuit of IFAs who sold Lifemark-backed Keydata ...