Keydata

Barclays tore up every TCF rule in the book to flog the two Aviva funds linked to today's record-breaking FSA fine. But shockingly, this is not an isolated case of negligent advice from major financial institutions and the big question is who will be next in the firing line?

The Approved Judgement from the judicial review into the FSCS's decision to levy investment advisers for the costs of Keydata claims has been published. IFAonline has a copy and here are 14 things you should know...

The FSCS was right to levy investment intermediaries for the collapse of Keydata, a High Court judge has ruled, dashing adviser hopes of a £32m refund.

The Luxembourg court is 'unlikely' to extend the provisional administration period of Keydata-backer Lifemark beyond February, says PwC, raising serious questions about whether the fund can be restructured in time to avoid bankruptcy.

Troubled building society Norwich & Peterborough (N&P) has admitted its advisers gave "inappropriate" advice to a customer who invested the bulk of their SIPP in Keydata, in a case lawyers involved say mirrors dozens of other claims.

The FSCS will reveal how much extra cash it needs from the industry to pay for failures including Keydata and Wills & Co by the end of the month.

Norwich & Peterborough Building Society (N&P) will be fined by the FSA within weeks for the systematic mis-selling of risky Keydata investments, according to reports.

Dozens of Norwich & Peterborough (N&P) customers who invested in failed firm Keydata say they were not given key features documents (KFDs) on the products until after they had parted with their money.

Norwich & Peterborough Building Society (N&P) has admitted receiving a number of approaches from rivals this year keen to take over the firm, or take a significant stake.

A group of 700 Keydata SLS investors have begun a legal case for compensation against the biggest names in global finance.