Investors in structured products sold through collapsed provider Keydata may have to wait another month before finding out if they are eligible for compensation.
The Financial Services Compensation Scheme (FSCS) says it needs more time to assess whether it will be in a position to help investors with the failed provider, whch has not been declared in default. But it has pledged to provide a further update by the end of September if no new information comes to light before then. Keydata went into administration on 8 June. If the firm is found in default, investors could claim up to £48,000, consisting of 100% of the first £30,000 invested and 90% of the next £20,000. The FSCS says it would assess any claim made by a Keydata customer "on a...
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