RBS returns to market with NDFA after Keydata collapse
Royal Bank of Scotland (RBS) is launching back into the intermediary market with its new range of structured products after replacing its now insolvent administrator Keydata with NDFA.
In May, RBS launched a suite of structured products linked to its proprietary dynamic strategies, which were aimed at independent financial advisers (IFAs), but decided to withdraw the range after Keydata was placed into administration by the UK Financial Services Authority on June 8. As the first tranche of products was still in subscription, Keydata later returned monies to investors and RBS began looking for a new administrator.
The bank's deposit structure linked to its Autopilot strategy
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