Keydata

The Financial Conduct Authority (FCA) has said it will look to take even earlier pre-emptive action against what it believes is bad practice in a bid to counter accusations from the industry that it unfairly employs retrospective regulation.

The Association of Professional Financial Advisers (APFA) has called on the Financial Services Compensation Service (FSCS) to reach a broad settlement in its action against advisers who sold Keydata investments, saying small advice firms can not afford...

Regulators have proposed levying the industry £74.4m to pay for the day-to-day running of the Financial Services Compensation Scheme (FSCS) up until next March, a 6% fall on last year's levy.

Three IFAs are taking their case to the Court of Appeal in a bid to overturn a High Court ruling backing a Financial Ombudsman (FOS) decision that they should pay clients compensation for advice to invest in failed firm Keydata.

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.

The Financial Services Compensation Scheme (FSCS) is notifying investors who lost money in Lifemark-backed bonds distributed by Keydata that they can expect further payments shortly.

The Financial Service Compensation Scheme (FSCS) is in the process of setting up an in-house legal panel from which it plans to buy legal services work for up to £50m, tender documents have revealed.

Fined Chase de Vere's three big mistakes

The Financial Conduct Authority (FCA) has fined Chase de Vere Independent Financial Advisers £560,000 for failures surrounding the sale of Keydata products.

Poor advice claims that have cost restricted national adviser Origen at least £3m in reviews and redress - and pushed it further into the red this year - are the fault of advisers who have exited the firm, not the current team, business development director...