SWIP swells profits but lands £4m Keydata levy

Scott Sinclair
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Scottish Widows Investment Partnership (SWIP) contributed more than £4m last year toward compensating investors in failed investment company Keydata.

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...

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