Keydata claimants set for further payouts

Claimants will receive payouts "in the coming months" following an announcement by the Lifemark trustee, SMP Trustees, that a further distribution to bondholders was paid on 20 November. The FSCS said it expects to receive the funds from the trustee within the next few weeks, which it will then pass on to claimants. It added the distribution amounts will vary depending on which Lifemark products claimants invested in. A number of payouts have been made since the Financial Services Authority shut down Keydata - which distributed the Lifemark bonds in the UK - in 2009 for breaching t...