Lawyers hired by the FSCS to pursue claims against IFAs who recommended Keydata have sent out letters with the name and addresses of every firm it is chasing, including details of principals of appointed representative firms.
The letter from Herbert Smith gives the details of 537 financial services firms which invested clients in Keydata. The FSCS is pursuing recovery from them of the compensation it has paid out to Keydata investors. Most of the names on the list are small advice businesses. It also includes large financial institutions, national advisers, networks, and at least one platform. Where the firms are appointed representatives, the name of the principal adviser is given. Investors' names are also listed. Barclays Bank features on the list, related to advice given via the Woolwich. Transact i...
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