FRESH CONTROVERSY over split capital trusts was among the leading stories in most newspapers today. ...
FRESH CONTROVERSY over split capital trusts was among the leading stories in most newspapers today. The Scotsman reports there's fresh controversy over the debacle as the Financial Services Authority was accused of failing to act in response to a warning from the Guernsey regulator that the trusts contained a "systemic risk" to investors. The paper says Stephen Alexander, a partner in law firm Class Law, told the Commons Treasury committee that the Guernsey regulator had written to the FSA warning split capital investment trusts holding high levels of shares in other splits might "gi...
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