FSCS ups Keydata payouts after more Lifemark recoveries

The FSCS made the announcement on Wednesday after the trustee of Lifemark, the Luxembourg fund that underpinned a series of Keydata policies, had received clarification from the court on how to proceed with the pay-out. The FSCS said in a statement: "The trustee has recently received clarification from the court, and FSCS is now reviewing the amounts it has paid to affected claimants. "As a result, further balancing payments may be due to most, if not all, of the affected claimants. Future distributions from the trustee will be calculated using the method specified by the court." T...