SWIP swells profits but lands £4m Keydata levy

The company paid £4,137,845 in 2010 toward a total £326m interim levy payable by the FSCS's investment management and investment intermediation sub-classes. This was significantly up from SWIP's £70,812 contribution to an £80m interim levy the previous year, the vast majority of which was controversially met by the investment intermediation sub-class. Keydata was in default under FSCS rules in June 2009. Meanwhile, SWIP made profits of almost £66m in 2010 from revenues of £185m, up from profits of almost £16m from £107m revenues the previous year, according to the group's 2010 acco...