An overview of how business interruption insurance policies have been interpreted in the context of the coronavirus pandemic.
Documents to download
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Keydata Investment Services in administration (291 KB, PDF)
Keydata Investment Services was placed into administration by the Financial Services Authority in June 2009. The administrators, PricewaterhouseCoopers, found a number of serious issues at the company, one of which was that many products sold as ISAs were in fact ineligible for tax-free saving status. More seriously, they subsequently found that income on certain investment products had not been paid in recent months, and, in the case of one type of investment, they had been unable to satisfy themselves as to the safe custody of the underlying assets", and suggested that "the assets have been liquidated and may have been misappropriated".
Documents to download
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Keydata Investment Services in administration (291 KB, PDF)
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A debate on a motion relating to errors in payments made to victims of the Equitable Life scandal is scheduled for Thursday 21 January 2021.
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An overview of initiatives to support businesses through the coronavirus pandemic.
