Keydata

Positive Solutions has been forced to pay out more than £1m to cover compensation costs relating to a number of investment failures last year.

The Serious Fraud Office (SFO) is now investigating the activities, control and ownership of Lifemark, and the activities of Keydata in marketing and selling products underpinned by bonds issued by Lifemark.

An IFA caught up in the Keydata debacle is urging investors not to pin all their hopes on a judicial review into the failed investment vehicle.

Investment advisers are this week counting the cost of a controversial £80m FSCS interim levy to cover the collapses last year of Keydata Investment Services and two stockbrokers.

A law firm preparing a legal challenge to an FSCS decision to levy advisers for a number of high-profile investment failures says it needs the backing of 1,000 IFAs to succeed.

A controversial interim levy to cover the collapses last year of Keydata and two stockbrokers will be applied to the investment intermediation sub-class despite widespread opposition, the FSCS has confirmed.

An IFA with client money caught up in the Keydata debacle has called on the FSCS to justify its proposed additional industry levy.

The Financial Services Compensation Scheme (FSCS) is rejecting some non-Isa claims linked to Keydata.

Meteor Asset Management has walked away from negotiations to buy the structured products books of Keydata, Professional Adviser understands.

Law firm Regulatory Legal says it has now raised enough funds to mount a judicial review into the FSCS's decision to impose a £70m additional levy on the investment intermediary subclass, following the collapse last year of Keydata and two stockbrokers....