FSA should have avoided panic over Keydata

June 2009
Money Marketing;6/18/2009, p39
In this article the author discusses the need to properly communicate the insolvency of a financial institution to the advisers and public in Great Britain. It relates that the administration of Keydata Co. has been relayed to a short press release from the Financial Services Authority (FSA) followed by a news from moneymarketing.co.uk. The author questions whether there are legal restraints that hinder the FSA to say or not say with regards to the bankruptcy of Keydata.


Related Articles

  • Ebenezer Scrooge. Greenwood, John // Money Marketing;12/19/2002, p21 

    Presents a scenario in which the fictitious character Ebenezer Scrooge is an employee at an independent financial advising (IFA) agency in London, England. Misselling of pensions; Reputation for being a miser; Appointment of Scrooge as head of Great Britain's Financial Services Authority (FSA).

  • In denial. Baigrie, Tom // Money Marketing;1/11/2007, p36 

    The author reflects on the issues that confront financial services industry in Great Britain including the low number of life policies that are written in trust and the prevalence of initial commission. He comments on those financial advisors who are benefiting from trail fees and initial...

  • Providers should be liable for product failures. GILCHRIST, CHRIS // Money Marketing;3/26/2015, Issue 1478, p41 

    In the article, the author discusses issues in the financial advisory industry in Great Britain as of late March 2015. He criticizes the move by regulators to allow funds established within the rules to experience losses for investors as seen in the cases of Keydata and Arch Cm. He suggests that...

  • Key facts for the FSA. Farrow, Paul // Money Marketing;6/18/2009, p39 

    In this article the author discusses the criticism faced by the Financial Services Authority (FSA) following the collapse of Keydata Co. in Great Britain. The author relates that relative to this event, FSA argues that it had no choice but to announce the insolvency of a financial institution...

  • IFAs resigned to missing out on Keydata cash.  // Money Marketing;4/15/2011, p44 

    The article reports that according to advisers the Financial Services Compensation Scheme Ltd.'s decision to award recovered Keydata money to fund companies ahead of independent financial advisers (IFAs) was inevitable. However, they are still angry over the decision to class Keydata as an...

  • Take your partnerships.  // Money Marketing;10/26/2011, p11 

    The article offers information on Prosperity Financial Services founder Cliff Gray and his team of specialists that help each other with financial advice. Gray now see their roles changing with the onset of the Retail Distribution Review (RDR) in Great Britain. It is said that key to Gray's...

  • Future of financial advice (FOFA): stocktake, commercial realities and why we're here. Yazbeck, Cristean // Commercial Law Quarterly;Dec2013-Feb2014, Vol. 27 Issue 4, p19 

    The article discusses commercial, operational and implementation aspects which Australia Financial Services (AFS) licensees and their representatives will need to contend with following the full commencement of the Future of Financial Advice (FOFA) as of July 2013. It provides a checklist of...

  • Crisis of confidence. Martin, Ivan // Money Marketing;10/2/2008, p15 

    The author reflects on the concerns of the consumers regarding the condition of the financial service sector in Great Britain. He stresses that as financial advisers, one is a good barometer of consumer sentiment because he or she will have undoubtedly been taking several calls from concerned...

  • Financial services falling behind in risk management.  // CMA Management;May2005, Vol. 79 Issue 3, p8 

    The article informs that as financial services institutions around the world face escalating exposure to risk, a new survey finds that Canada and the U.S. lag behind the rest of the world in their ability to deal with increasing risk. According to the survey, financial services companies...


Read the Article


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

Try another library?
Sign out of this library

Other Topics