Keydata

The Financial Ombudsman Service (FOS) has revealed details of a complaint where it has ruled in favour of a couple and against their IFA in a £60,000 case.

The Financial Ombudsman Service (FOS) has revealed that it is awaiting a lead decision on investments in failed firm Keydata before it decides the fate of thousands of investors seeking redress.

At least 80 Keydata investors are concerned they will not have recourse to the courts if their claims at the Financial Ombudsman (FOS) fail to fully compensate them, because the service is taking so long.

The Financial Ombudsman Service (FOS) has ordered network Pi Financial to compensate two clients it recommended invest in an unregulated collective investment scheme (UCIS).

A barrister representing advisers fighting the Financial Services Compensation Scheme (FSCS) over Lifemark compensation has insisted the products were not high risk.

An investors' forum representing £17.5m of business in stricken life settlement provider ARM Asset Backed Securities has called for an urgent bondholders' meeting to discuss the lack of progress in compensating investors.

The former chairman of Tenet Group has criticised the Financial Services Authority (FSA) over its ‘Kafkaesque' behaviour in blocking the company's finance director from obtaining a significant influence function (SIF).

The Financial Services Compensation Scheme (FSCS) has pledged to continue pursuing advisers it alleges mis-sold Keydata products.

Risky, expensive, over-complicated: just some of the accusations leveled at structured products. But are these fair conclusions?

FSCS FUNDING