Norwich and Peterborough

Troubled building society Norwich & Peterborough (N&P) has admitted its advisers gave "inappropriate" advice to a customer who invested the bulk of their SIPP in Keydata, in a case lawyers involved say mirrors dozens of other claims.

Norwich & Peterborough Building Society (N&P) will be fined by the FSA within weeks for the systematic mis-selling of risky Keydata investments, according to reports.

Norwich & Peterborough Building Society (N&P) has admitted receiving a number of approaches from rivals this year keen to take over the firm, or take a significant stake.

Norwich & Peterborough Building Society (N&PBS) has had its outlook downgraded from 'stable' to 'negative' by ratings agency Fitch, due in part to its exposure to Keydata.

The FSCS will ‘pre-approve' claims from eligible investors in Keydata plans backed by Lifemark despite no date being set for payouts.

US private equity group JC Flowers is lining up bids for at least four UK building societies as part of an ambitious plan to create a "supermutual" that could be partially floated on the London stock market in five years.

Norwich & Peterborough Building Society (N&PBS) has written to Keydata-exposed customers to say their complaints will remain unresolved for at least five more weeks.

Norwich & Peterbourgh Building Society (N&P)has written to its Keydata customers saying it is still "actively seeking a resolution" to the situation.

More than 100 clients of AWD Chase de Vere are understood to be re-assessing the advice they received on investments made in Keydata.

AWD Chase de Vere exposed a client to Keydata at more than twice the appropriate level considering his medium attitude to risk, the financial Ombudsman (FOS) has ruled.