Keydata boss Ford denies responsibility for record FSCS levy

Speaking to Professional Adviser, Ford also called for the levy to become a loan to save Keydata backer Lifemark’s assets from a liquidation firesale. This could provide a lifeline for intermediaries and give clients a chance of being repaid when the portfolio matures, according to Ford. “Keydata’s insolvency was manufactured by the regulator and aided and abetted by PwC. Now, two years later IFAs and fund managers are being asked to stump up a lot of money to pay levies that are absolutely ridiculous,” he said. However, both Lifemark’s provisional administrator, KPMG’s Eric Collard, ...