Keydata fraud investigation

The Serious Fraud Office is investigating the disappearance of more than £100m of clients' money from Keydata Investment Services.

It was called in after administrators PricewaterhouseCoopers (PwC) discovered money belonging to 5,500 investors was put into assets which have vanished.

The investment management company collapsed in June after it could not meet a £5m tax bill arising from non-compliant ISAs.

We ask PwC administator Dan Schwarzmann what this latest development means for investors.

See also: