Some of the biggest names in financial services, including Cazenove CEO Andrew Ross and Peter Hargreaves, are calling for a "full and independent" inquiry into the collapse of Keydata to ensure similar failures are avoided in the future.
The Investment Management Association (IMA) has confirmed it is leading efforts to shore up troubled Keydata-backer Lifemark, as part of a bid to recoup the fund management sector's £233m FSCS bill.
Lifemark investors never had a chance of getting their money back on time, a leading actuary involved in the fund's restructuring says.
A group of 700 Keydata SLS investors will start a legal case against a string of global financial institutions in January, claiming they watched over a multi-million pound theft from the fund and did nothing while collecting huge fees.
The proposed interim levy on the investment intermediary sub-class in 2009/10 following the failures of Keydata and two stockbrokers has been cut from £70m to £58m, although the structured product-related charge has increased by £2m, the FSCS confirms...
With the Keydata debacle, have investors' concerns switched from counterparty to provider risk?
Arbuthnot Banking Group is unveiling its structured products arm on 10 September, with the launch of an income product.
Keydata cannot be sold as a whole as potential issues have come to light including the fact some 5,5...
Structured product provider NDFA is withdrawing from the race for Keydata Investment Services (KIS),...
The boards of Keydata Income VCT 1 and 2 have hired Foresight Group as investment manager and administrator.