Keydata

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.

The Serious Fraud Office (SFO) has officially ended attempts to trace the assets of Keydata bond manager SLS Capital SA, after a lack of success.

GOSLING'S GROUSE

GOSLING'S GROUSE

The Financial Services Compensation Scheme (FSCS) has begun proceedings against more than 160 advisory firms it alleges mis-sold Lifemark-backed Keydata products.

A total of 162 firms have been included in proceedings launched by the Financial Services Compensation Scheme to claw back money paid out to investors in Lifemark-backed Keydata products.

The Financial Services Authority (FSA) has been told by a judge that it must destroy privileged attorney-client emails it obtained as part of its investigation into Keydata.

Keydata founder Steward Ford is seeking to ban FSA staff who saw protected attorney-client e-mails from being involved in an investigation into the company.

The EEA Life Settlements Fund has suspended dealings, after receiving "unprecedented" levels of redemption requests from advisers and institutional investors.

The Financial Services Compensation Scheme (FSCS) has begun reimbursing firms some or all of their share of a £326m interim levy after they successfully applied for a refund.