Lifemark administrator questions quality of TLPs

The FSCS has said the final level of compensation to investors will depend on the value still left in beleaguered Lifemark. However, KPMG's Eric Collard, who has spent a year working on re-financing deals to keep Lifemark from liquidation, says the TLP industry is  "too young" to accurately assess mortality dates, and therefore the final value of the 303 Lifemark policies. Lifemark has had about 88% fewer maturities this year than the projections estimated when policies were purchased for the portfolio.  The fund is struggling to pay $4.5m (£2.8m) a month for the premiums on the TL...