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Keydata

Regulation

FOS throws out IFA's 'grossly unfair fees' complaint as Keydata hangover continues

The Financial Ombudsman Service (FOS) has thrown out a test case brought by an IFA who argued charges levied on Keydata investors following a change of custodian to their assets were "excessive" and "grossly unfair".

clock 24 June 2015 •

Regulation

The never-ending story: Is the Keydata scandal coming to a close?

Is the Keydata scandal coming to a close?

clock 02 June 2015 •

Regulation

Lies and secret fees: Why is the FCA trying to fine Stewart Ford £75m?

Lies and secret fees: Why is the FCA trying to fine Stewart Ford £75m?

clock 27 May 2015 •

Regulation

Stewart Ford launches £650m damages claim against FSA and PwC

Stewart Ford is seeking £650m in damages from the financial regulator and administrator PricewaterhouseCoopers (PwC) for "causing" the collapse of Keydata, the investment firm he founded and which attracted almost £500m of investors' capital.

clock 26 May 2015 •

Regulation

FCA hits Keydata's Ford with £75m fine; Former CEO to fight penalty

The Financial Conduct Authority (FCA) has indicated it plans to fine former Keydata chief executive Stewart Ford £75m and ban him from any role in financial services for failings related to the investments' sales and, ultimately, failure.

clock 26 May 2015 •

Adviser tips

Five secrets of a PI insurance broker

Five secrets of a professional indemnity insurance broker

clock 20 May 2015 •

Regulation

Revealed: The number of advice firms lost each year to client claims

More than 600 adviser firms have been declared in default by the Financial Services Compensation Scheme (FSCS) in the last five years - an average of almost 130 each year - as the impact of a number of high-profile investment failures continues to take...

clock 18 May 2015 •

Regulation

Keydata IFAs pay out £52m after FSCS litigation

Total Keydata recoveries have reached £122m, according to the latest figures from the Financial Services Compensation Scheme (FSCS).

clock 18 February 2015 •

Regulation

FSCS unveils eight-strong legal panel in £12m contracts

The Financial Services Compensation Scheme (FSCS) has appointed eight law firms to form a new in-house panel, which it expects to manage the majority of its legal advice and representation.

clock 05 February 2015 •

Investment

Investors challenge FCA over life settlements losses

Angry investors are planning legal action against the regulator in a bid to claw back losses they claim its predecessor caused when it branded their traded life settlement investments "toxic".

clock 28 January 2015 •
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