Tory MP Zac Goldsmith has pledged to take up the fight for Keydata investors after being contacted by an IFA with clients' money in the failed investment company.
He has promised to bring the issue to the attention of Financial Secretary to the Treasury Mark Hoban. Vintage Financial director Geoff Hartnell met with the Member of Parliament for Richmond Park on Friday. He said Goldsmith had been "unaware" investors face losing their savings, and IFAs risk going bankrupt, over failed investment firm Keydata and the Lifemark-backed bonds it sold. More than £100m was invested by Keydata investors in Secure Income Bonds (SIBs) 1, 2 and 3, before the FSA placed the firm in administration in June 2009 on grounds of insolvency. Luxembourg-based Life...
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