The Financial Services Compensation Scheme (FSCS) has pledged to continue pursuing advisers it alleges mis-sold Keydata products.
The scheme said it had "committed significant funds" to pursuing the claims in the next financial year.
Meanwhile, the organisation said it had so far recovered more than £30m related to Keydata following the agreement reached with the Norwich and
Peterborough Building Society in April last year.
The FSCS is seeking to recoup compensation it has already paid out to investors in SLS and Lifemark-backed Keydata investments from advisers it alleges mis-sold them.
In November last year, it hired lawyers Herbert Smith to begin proceedings against more than 500 firms believed to have sold SLS-backed Keydata products.
Then, in April, Herbert Smith sent out letters and claims forms to adviser firms relating to sales of the two earliest Lifemark bonds - the Secure Income Bond 4 and Secure Income Plan 1.
A number of advisers dispute allegations they mis-sold the investments but, in its annual reports and accounts for 2011/12, published today, the FSCS said it believes it has "good claims" against a large number of IFAs.
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