Recommended

File image of Three piggy banks tucked in a drawer
1

Compensation bill hits asset managers after FCA closet tracker review

The FCA has revealed that asset managers have paid back £34m to investors overcharged by so-called “closet tracker” funds. While the regulator has not ordered the move as part of any official redress scheme, The Sunday Telegraph reports that the FCA is eyeing enforcement action against one fund manager over potentially misleading marketing material. FCA […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment