The cost of compensating Keydata victims is likely to hit £440 for the ‘typical' adviser firm in the appropriate sub-class, according to AIFA calculations.
The association also reveals the FSCS sought legal advice before opting to allocate Keydata's £70m default costs to the investment intermediation sub-class, which includes many adviser firms and to which...
MoD award for Quilter
Received 100 complaints
Expanding across North West
For smaller and medium firms
'There will be more consolidation'
Fee-based revenue fell 13%