A barrister representing advisers fighting the Financial Services Compensation Scheme (FSCS) over Lifemark compensation has insisted the products were not high risk.
More than 500 IFAs are being pursued by the FSCS for mis-selling Lifemark-backed Keydata products, with parallel action in relation to SLS-backed products. At a case management conference (CMC) this morning at the Royal Courts of Justice, Mr Justice Simon gave the order for the defendants to file their letters of response to the claims by 14 December, addressing the generic issues. With the original claims letters sent out in April, the judge questioned why it was taking so long for the responses and defences to be filed. However, Barabara Dohmann QC, taking instruction from Fishbu...
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