Keydata FOS claimants fear hitting statute of limitations

The investors are hoping for a resolution at the financial Ombudsman, which can award compensation claims up to £100,000. However many of the investors are making claims for more than the FOS limit and intend to pursue the remainder through the courts. The statute of limitations allows investors to make a legal claim up to six years after the event. A significant number of Keydata investors invested in 2006/7, bringing their claims near to the limit. A spokesperson for the FOS said the service "will take the statute of limitations into account when looking at claims, along with all...