KeyData in administration

Anybody know anything about this ? I bought the "secure income plan" in one year's stocks ISA. No jokes please about "secure".

It is supposed to be similar to cash offering a good return with an investment strategy based on buying elderly persons life insurance policies in the US.

I bought it through Cavendish Online.

My local (solid as a rock and fiscally conservative - I think) Cambridge Building Society also pushes Keydata products. This tended to make me regard KeyData as more solid.

TIA.

Jim

Reply to
Jim
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Preliminary investigations suggest the assets are safe and that HMRC won't chase individuals for KeyData's tax screwups:

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(also see RHS of that page for more stories) If assets aren't safe, I'm not sure of whether the FSCS might apply.

PWC have an FAQ:

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Theo

Reply to
Theo Markettos

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