FCA asks platforms for number of clients affected after M&G suspension
'Top dozen or so'
The suspension of the M&G fund will be monitored daily and reviewed every 28 days
Some of the largest platforms have been contacted by the Financial Conduct Authority (FCA) following the suspension of M&G's Property Portfolio fund and asked to provide details on the number of investors affected by the closure.
The FCA said it contacted platforms to ask for the number of clients who would be affected by the closure of the fund. It followed the news that M&G's Property Portfolio fund had been suspended after "unusually...
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