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.

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