Lifemark administrator denies FSA help

KPMG's Eric Collard, who is the Luxembourg-based provisional administrator of Lifemark, flatly denies recent FSA assurances it is in regular talks with him to resolve the fund's liquidity problems. He says it is his job to secure the financial restructuring of Lifemark and FSA is playing no role. "In contact with IFAs? Yes. The FSA not at all. I am not in contact with the FSA. I confirm I am not and authorise anybody to make the correction by quoting me." His statement comes as bondholders frustrated by the UK regulator's failure to act to save Lifemark, which backed Keydata plans ...