Calls on FCA for greater transparency as investors could be unaware of closet tracker compensation

Asset managers paid out £34m to investors

clock • 4 min read

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.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot