Lawyers representing Norwich & Peterborough (N&P) customers sold Keydata products have written to CEO Matthew Bullock accusing him of seeking "special treatment" over compensation claims which could hit thousands of IFAs.
Regulatory Legal is challenging Matthew Bullock to explain why he believes his building society should be allowed to "suspend" complaints about Keydata until after a Financial Services Compensation Scheme (FSCS) decision on the case. N&P has said it is seeking a waiver from the FSA to suspend all complaints in relation to the product. Such a waiver has not been granted to any other IFA firm in relation to Keydata and Regulatory Legal believes it would be wrong for the FSA to allow special treatment to N&P. Lawyer Gareth Fatchett says: "If this were a small IFA firm, would the FSA ...
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