FCA fines Chase de Vere £560k over £50m Keydata investments
http://www.fundweb.co.uk/2016313.article?cmpid=fwnews_678027
If Chase de Vere were guilty of failing to keep their advisers informed about the risks associated with Keydata Life Settlements, surely Skandia and others were also guilty in respect of EEA or other Life Settlement funds?
The above comment doesn’t imply that EEA were guilty of wrong doing nor does it imply that my (or other) IFAs should have known more about the risks, but organisations the size of Chase de Vere and Skandia should certainly have monitored the products under their banners closely to ensure they were suitable for the clients who invested in them. The FSA continues to bang on about consulting widely with industry before their 2011 announcement but I doubt they mean they consulted with IFAs, if they actually consulted at all.
Nevertheless, it’s undeniable that certain organisations have attempted to distance themselves from their responsibilities through the use of intermediaries (as pointed out by one ex-Isle of Man regulator).
Many of those who purchased Life Settlement policies were very far from being expert investors but they did rely upon the reputation of brands like Skandia when making their decision to invest.
Action Group For Life Settlement Fund Investors 
New Book Slams Insurance-Linked “Donkeys” and Commission-Hungry “Rip-Offers”
http://therapeofhongkong.com/2014/10/22/bestselling-author-slams-insurance-linked-donkeys-and-commission-hungry-rip-offers-in-latest-book-on-investing/
Andrew Hallam cuts through the lies propagated by sleazy snake oil salesmen in the financial services industry and explains why actively managed mutual funds—and especially investment-linked insurance policies—are ripoffs. At various points, Hallam refers to ILAS schemes as “offshore donkeys” and the advisers who sell them as “rip-offers”. He lists several culprits by name, including Zurich International, Generali, Friends Provident, Standard Life, Royal Skandia, Aviva, Convoy Financial Services, the deVere Group, Montpelier Financial Consultants, Austen Morris Associates, Globaleye Financial Planning, the Henley Group, Gilt Edge International, Warrick Mann International, the Alexander Beard Group, SCI Group Ltd., the Sovereign Group.