Couple caught in both Keydata and Park Row scandals

Laura Miller
clock

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

PA360: Advisers urged to harness TikTok as attention spans decline

PA360: Advisers urged to harness TikTok as attention spans decline

'I can see attention spans massively decreasing in the next few years’

Sahar Nazir
clock 26 April 2024 • 1 min read
PA360: Firms must ditch shortcuts to 'organically build team culture'

PA360: Firms must ditch shortcuts to 'organically build team culture'

Firms urged to ‘take time and understand what matters to advisers’

Sahar Nazir
clock 26 April 2024 • 2 min read
Feel Good Friday: Belmayne donates hi-vis vests to primary school

Feel Good Friday: Belmayne donates hi-vis vests to primary school

To help improve the safety of Bradway Primary School’s youngest pupils

Professional Adviser
clock 26 April 2024 • 1 min read