The Financial Services Compensation Scheme (FSCS) has recovered £100m from the estate of failed traded life settlement firm Keydata, and the advisers who mis-sold it, and will rebate half the sum to fund management levy payers.
Fund managers were forced to pay £233m towards the cost of compensating some 20,000 Keydata investors after the firm collapsed in 2009, because the investment advice sector, which was levied £93m, was...
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