Keydata action group calls for FSCS backing in pursuit of 'real miscreants'

KSLIT, which represents hundreds of investors in SLS-backed Keydata policies, said it has submitted a 230-page document to the FSCS with a request to join in and jointly fund it alongside investors, who have already contributed 1% of their investments. Among the businesses being pursued are "recognisable, international institutional and advisory brands", including accountants, auditors, lawyers and banks. Tony Lahert chairman of KSLIT said: "The FSCS has been under pressure from the IMA and elsewhere to take action to recover levy payments. KSLIT's door is open to the FSCS but it cann...