Adviser apathy could scupper Keydata FSCS challenge

The law firm is pursuing a judicial review against the FSCS's decision to levy the investment intermediation sub-class to meet the costs of the collapse of Keydata and two stockbrokers. Following a letter Regulatory Legal sent to the FSCS on February 18 asking for a breakdown of the decision-making process, partner Gareth Fatchett says he is expecting to hear from the compensation body next week. He says: "I imagine we will start protocol actions that same week or the week after and proceed with the judicial review by mid-late March." But although Fatchett says the campaign - which...