Traded life settlements

The Financial Conduct Authority (FCA) has had its attempt to ban a director of failed investment firm Catalyst rejected.

An expat adviser a couple met when they retired to Spain has trapped their £380,000 pension pot in a collection of high risk problem-laden unregulated investments, leaving them in danger of losing everything.

Investors in suspended traded life policy fund EEA Life Settlements will share £56m in proceeds from the sale of some of its assets, though a shareholder group has voiced concerns the deal strips future value from the fund.

Suspended second hand life policy investment EEA Life Settlements has found a broker with clients interested in buying up investors' trapped holdings - at a discount.

Suspended £400m life settlement fund EEA has revealed possible plans for trapped investors to unlock some of their money - if new investors willing to buy their shares can be found.