Lifemark investors with more than £50,000 in the life settlement investment vehicle have formed a new action group to try to recover as much compensation as possible.
The Lifemark £50K+ Investor’s Group will collect the names of members who do not expect to be fully compensated by the Financvial Services Compensation Scheme, which confirmed in November it will fully compensate Keydata Lifemark investors up to £48,000.
The group’s creator, Peter Hilton, says members of the group will include people with more than £50,000 invested, people who did not invest via Keydata and are therefore not covered by the FSCS scheme and people whose FSCS claim has been rejected.
The group will be used as a communication forum while the Lifemark rescue is underway and as a means of establishing support for alternative action if the rescue fails.
Click here to visit the group’s website.