Keydata Update

Claims relating to Keydata investments backed by Lifemark SA – no decision taken.  

Following recent reports, the Financial Services Compensation Scheme said today it has not yet concluded its investigations into the potential liability of Keydata for investments backed by Lifemark SA. No decision has yet been made and it is premature to say the Scheme will not compensate consumers until these investigations are completed.

The FSCS expects to confirm its position during September for those who hold investments backed by Lifemark SA. We will do all we can to provide certainty around the position of the FSCS as soon as we can.

More information 

 

By Thomas Chen
31 August 2010