FSCS to step up pursuit of Keydata IFAs

The scheme said it had "committed significant funds" to pursuing the claims in the next financial year. Meanwhile, the organisation said it had so far recovered more than £30m related to Keydata following the agreement reached with the Norwich and Peterborough Building Society in April last year. The FSCS is seeking to recoup compensation it has already paid out to investors in SLS and Lifemark-backed Keydata investments from advisers it alleges mis-sold them. In November last year, it hired lawyers Herbert Smith to begin proceedings against more than 500 firms believed to have sol...