NDFA says it has expressed an interest in buying Keydata, which went into administration yesterday.
The structured products specialist is the second firm to request updates from administrators PricewaterhouseCoopers (PwC), after Jubilee Financial Products confirmed its interest earlier today.
NDFA has asked PwC to keep it closely informed of all major developments regarding Keydata.
Managing director Paul Bispham says: "In light of Keydata's demise the administrators will be looking to identify both a plan manager and a Third Party Administrator.
"They will be looking to identify companies with the foremost reputations for customer service in Plan Management, Reporting and Administration, and to that end we at NDFA, along with associated company Outsourced Professional Administration Limited (OPAL) believe we are very well placed and would garner intermediary support."
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