Keydata cannot be sold as a whole as potential issues have come to light including the fact some 5,500 investors in seven Secure Income plans will be told their assets have been 'misappropriated'.
Administrators PwC said money invested through SLS Capital including £103m in seven secure income products is at risk as information received over the weekend suggests the assets have been liquidiated and may have been misappropriated. PwC is now working with the authorities to trace the funds. No income payments or redemptions on the seven SLS products will be possible at this time. Products affected are: Keydata Secure Income Bond Growth (Issue 1); Keydata Secure Income Bond-Income(Issue 1); Keydata Secure Income Bond 2-Growth; Keydata Secure Income Bond 2-Income; Keydata Secure Income...
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