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Split Cap deal reached

Investment firms have agreed to stump up around 194m for investors after an FSA investigation into split capital investment trusts.
The year long probe by the FSA resulted in 18 firms agreeing to compensate thousands of investors that lost money when lost money when a number of trusts collapsed.
The firms hae agreed a statement that does not admit any liability for the losses suffered by investors and the FSA has made no breaches of regulations.

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