An elderly couple say they would be ‘very wary' of using an IFA again, after finding themselves caught up in both the Keydata and Park Row debacles.
The husband and wife, both in their 60s, have £112,000 of their retirement funds tied up in Keydata. However, they have been unable to query their Park Row adviser about it because he has been awaiting FSA re-authorisation ever since the national IFA’s collapse ten months ago. They have launched a mis-selling claim against the Royal Liver-owned company, which they blame for the advice they received, and say the scandal has ‘made a mess’ of their retirement plans. “We are looking for another IFA, but we feel very wary,” say the couple, who have asked to remain anonymous. “It is a co...
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