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Rathbones' Pomfret rallies wealth firms in call for Keydata inquiry
by Dylan Lobo on Feb 25, 2011 at 10:02
The bosses of eight wealth managers have demanded an independent inquiry into the collapse of Keydata after facing steep FSCS interim levy bills.
In a letter to the Financial Times penned by Rathbones chief executive Andy Pomfret (pictured), the bosses said that while they remained supportive of the FSCS's purpose and principles, they were concerned about the levy.
So far Rathbones, Charles Stanley, Brewin Dolphin and Hargreaves Lansdown, have been among those asked to fork out the biggest charges, standing at £3.6 million, £6 million, £2.6 million and £3 million respectively.
The names joining forces with Pomfret are:
Jamie Matheson, Brewin Dolphin chairman
Andrew Ross, Cazenove Capital chief executive
Sir David Howard, Charles Stanley chairman
Mark Davies, Fleming Family & Partner chief executive
Peter Hargreaves, executive director and co-founder Hargreaves Landsdown
Gareth Pearce, Smith & Williamson chairman
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