FSCS to pay out on Lifemark claims from December

Following an investigation into the valuation of the Lifemark bonds, the FSCS says it is now satisfied these bonds have no value for the FSCS in quantifying the claims of individual Lifemark investors. Compensation payable to eligible investors will not, therefore, be reduced to take account of an amount representing a value for the bonds. The FSCS says it can now quantify claims and pay compensation to those investors who are eligible under its rules, subject to the compensation limit. The limit for investment claims against Keydata is £48,000 (100% of the first £30,000 of financi...