AITC founds charity to provide splits compensation

A new charity is being founded to help provide compensation to those consumers worst hit by losses caused by investing in split capital investment trusts, according to the man responsible for heading the industry's trade association. Daniel Godfrey, director general of the Association of Investment Trust Companies, says he has already been knocking on doors to obtain funds for setting up a charitable foundation, details of which are expected to be released in the near future. The charity will "provide relief to those suffering most" from the splits debacle, especially those wi...