The Financial Conduct Authority (FCA) is under pressure to reveal more details about the payment by asset managers of £34m in compensation to investors who overpaid for 'closet tracker' funds, as it is revealed some consumers may not even know they have been reimbursed.
The FCA told Investment Week that if there was a direct payment to individuals they would have been contacted by the provider, but where the compensation is paid into the funds they would not necessarily...
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