FSCS 'rejects' some Keydata claims

While the compensation scheme had previously said it would compensate those savers who invested via an Isa, non-Isa investors would need to apply for compensation separately. According to The Mail on Sunday, those decisions are now being revealed, with many claims rejected by the FSCS. While the blame for loss can be firmly pinned on Keydata over the Isa cases, the FSCS cannot say for certain that it was responsible in non-Isa cases. This is largely due to the nature of its underlying investments, provided by Luxembourg-based companies, SLS and Lifemark. Non-Isa investments linked...