FSCS opens Keydata claims floodgate

The FSCS will now begin sending out claim forms to customers of the structured product provider, which was placed in administration on 8 June 2009. Nearly 50,000 investors have been affected. Category 1 ISA investors in the Secure Income Bond issues 1,2 and 3 are likely to be eligible for compensation, as they were wrongly sold the products under the belief they were ISA qualifying. Other investors in the plans may also apply for compensation if they believe they have suffered financial loss as a result of the firm's actions. A number of underlying assets held in the plans have ...