Investors who bought into split capital investment trusts direct from fund managers could use the Om...
Investors who bought into split capital investment trusts direct from fund managers could use the Ombudsman's office to get redress if they think the advertising was misleading according to a piece in today's The Daily Telegraph. However, there is some confusion over the exact powers of the Ombudsman's office according to the paper, which are currently the subject of discussions between the FSA and the office of the Financial Ombudsman. "The FSA confirmed that it would be writing a joint letter with the Ombudsman by Friday … to clarify the scope of the Ombudsman's powers," the T...
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