From the Ed: Keydata? That's a fine mess…

That morning, he explained when he'd calmed down, he had received a letter from a law company called Herbert Smith suggesting he had given faulty advice on Keydata. Herbert Smith, as many of you will know, is the firm hired by the Financial Services Compensation Scheme (FSCS) to pursue advisers it believes gave negligent advice on SLS and Lifemark-backed Keydata products. The FSCS believes it should be the advisers who mis-sold the products that pay the hundreds of millions of pounds worth of compensation it has so far shelled out to Keydata investors. That sounds like a common sense ...