Administrator PriceWaterHouse Coopers (PWC) says early indications suggest investors will not lose money as a result of Keydata going into administration.
A spokesperson for the FSA-appointed firm says it will work closely with the Financial Services Compensation Scheme (FSCS) in the coming weeks but adds there is "no early suggestion people will necessarily lose money". However, she says the process may not be quick, adding it could take "anything between two weeks and 10 years" to complete. Keydata Investment Services was today placed into administration on the grounds it is insolvent. The investment manager specialises in the design and distribution of structured products for individual investors and provides third party administrati...
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