The Serious Fraud Office has officially launched an investigation into Keydata Investment Services. Administrator PricewaterhouseCoopers will be holding a creditors’ meeting on August 17 to approve the Keydata administration proposals.
Keydata founder Stewart Ford has appointed the FSA’s former “trouble shooter” Harvey Knight at law firm Withers to act as his solicitor.Knight was the FSA’s lead authorisation and approvals lawyer and internal trouble shooter for six years.He advised the regulator’s senior management in relation to its legal and reputation management issues across authorisation, supervision and […]
More than 250 partners have signed up to Positive Solutions’ Positive Partnerships initiative.
Morgan Stanley has appointed Neville Godley as vice president of its retail structured products distribution team.
US mortgage lender Fannie Mae recorded an £8.8bn net loss for Q2 this year, an increase of 84 per cent on the previous year.
The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]