The Mail on Sunday
Keydata compensation ‘lottery’
and ‘monitored the credit rating of the portfolio of investments’.
KPMG senior partner John Griffith-Jones has since confirmed this was untrue. He said that in 2005 KPMG ‘dissociated itself from the brochure and called on Keydata to bring that to the attention of all and any recipients of the brochure’. KPMG then complained to the FSA.
The FSCS says all cases are assessed individually. ‘We sometimes need to clarify the information that a claimant has provided in an application form by asking further questions in writing,’ a spokeswoman said.
‘We may need to understand better the reason why they invested in a particular product and their dealings with the firm generally.’
Investors hope that if they answer these questions ‘correctly’, using a particular phraseology, they will receive compensation.
Savers who have not received the letter, such as David Woodhead, feel bitter. ‘I read the same misleading brochure as everyone else,’ he says.