Keydata

Investec Structured Products

Many Keydata investors have not received their monthly income payments in November, with administrators unable to confirm when the money might resurface

Investors in some Keydata structured plans who chose not to ‘tick the ISA box' still need clarification on their rights to claim for compensation, a victims' support group argues.

Keydata has been declared in default by the Financial Services Compensation Scheme (FSCS), meaning customers can start making claims.

The corporate bond and life settlements markets have been the two big winners in the last 12 months in terms of attracting fund flows from advisers and their clients.

Investors in structured products sold through collapsed provider Keydata may have to wait another month before finding out if they are eligible for compensation.

Arbuthnot Banking Group is unveiling its structured products arm on 10 September with the launch of an income product.

Thousands of investors in collapsed structured products provider Keydata yesterday voted to establish an action group in a last-ditch bid to recover their missing millions.

Keydata's administrators PwC spent 5,733 hours at a cost of over £2m, from being appointed on July 8 to July 20, trying to sort out the affairs of the collapsed structured products provider.

Keydata founder Stewart Ford has lost a legal battle to prevent the FSA from accessing a computer server as part of its investigation into the firm.