Delay to FSCS Keydata payouts

The FSCS said in March that it was aiming to send the remaining balance of compensation to claimants who lost money in the failed investment by mid-April. This will now happen in May. Likewise separate payments from a recent payout from Lifemark's trustees, who are tasked with realising what value they can from the failed investment, which were due to be paid out in April will now be sent in May. The FSCS said the delay was due to a problem finalising the payment calculation process. Investment advisers will see their section of the FSCS levy - which is used to pay compensation to ...