£5m Isa tax bill led to Keydata collapse

Stodell, Hannah
June 2009
Money Marketing;6/11/2009, p1
The article reports on the impact of the £5 million Isa tax bill to Keydata Investment Services in Great Britain. It mentions the immediate action of the Financial Services Authority (FSA) court to the slumping of Keydata by putting the company to bankruptcy grounds. Meanwhile, it notes the efforts of Keydata by approaching the Her Majesty's Revenue and Customs (HMRC) for tax bill payment.


Related Articles

  • Keydata investors slam PwC on payment delays. Blackmore, Nicole // Money Marketing;1/14/2010, p44 

    The article reports on the failure of PricewaterhoseCoopers LLP (PwC) to keep Keydata Investment Services Ltd. investors informed of when to expect delayed income payments in Great Britain.

  • Ringfence should protect assets. Stodell, Hannah; Salih, Chris // Money Marketing;6/11/2009, p2 

    The article reports on the statements of British financial advisors regarding the condition of client's investments in Great Britain. It mentions that these financial advisors have asserted that the condition of the client's investments are not at risk, despite the insolvency issue of Keydata...

  • Keydata levy is an outrage against IFAs. Cicutti, Nic // Money Marketing;2/25/2010, p40 

    In this article the author expresses his views regarding the Keydata Investment Services Ltd. levy. It notes that the firm had collapsed despite their plan to invest 3 billion pounds in its various products. He thinks that it is nonsense to make Independent Financial Advisers (IFAs) pay for...

  • Delay over Keydata payments. Stodell, Hannah // Money Marketing;7/16/2009, p3 

    The article reports on the income payment delays experienced by the clients having Keydata Investment Services (KIS) products in Great Britain. The clients are still suffering from delays despite of the reassurances given by PricewaterhouseCoopers LLP (PwC). According to a spokeswoman, the...

  • Keydata clients are still waiting for May payouts. Stodell, Hannah // Money Marketing;7/23/2009, p3 

    The article reports on the move of investors or clients of Keydata Investment Services Ltd. in waiting for payouts from the extra income plan 8 they had applied which already matured on May 28, 2009 in Great Britain. The payouts should already be given to clients because of the closing date of...

  • The toll truth. Cicutti, Nic // Money Marketing;3/4/2010, p40 

    In this article the author expresses his views on the negative comments concerning the decision of the Financial Services Compensation Scheme (FSCS) to levy the Independent Financial Advisers (IFA) 43 million pounds in the wake of Keydata's collapse in Great Britain. The author defends that FSCS...

  • NEWS IN BRIEF.  // Money Marketing;8/6/2009, p2 

    The article offers news briefs related to financial institutions in Great Britain. The Serious Fraud Office had officially started an investigation into Keydata Investment Services Ltd. Barclays PLC had reported a profit increase of 8 per cent in the first half of 2009 from 2.75 billion to 2.98...

  • FSCS starts extra payouts to Lifemark customers after recoveries. Dale, Samuel // Money Marketing (Online Edition);9/11/2013, p15 

    The article reports on the projection of Lifemark customers by Financial Services Compensation Scheme Ltd. (FSCS) in Great Britain. According to FSCS, Lifemark customers will only receive between 12%- 15% of their money back. It states that clients who purchased Lifemark-backed products through...

  • FSA criticised over Keydata move. Hirst, Tomas // Fund Strategy;7/6/2009, p5 

    The article reports on the criticism regarding the decision of the Financial Services Authority (FSA) to place Keydata Investment Services Ltd. under administration in Great Britain. FSA justifies its actions by explaining that Keydata was a victim of fraud and affirms that the actions are...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics