21st November 2014
Claimants who suffered losses in Lifemark investments can expect to receive further payments in the coming months. This follows the Lifemark Trustee’s recent announcement that another distribution to bondholders was paid on 20 November 2014. The Financial Services Compensation Scheme (FSCS) expects to receive the funds from the Trustee within the next few weeks. FSCS will then pass on the payments to claimants.
As outlined in our March update, distributions from the Trustee must be calculated using the method specified by the Court. The effect of this is that the distribution amount due to individual bondholders will vary depending on which Lifemark bond(s) a claimant invested in.
We will provide further information on are website as soon as we’re able to.