Split caps directors told "get on with review" - papers 4th Feb

Split capital investment firms were told last night it is up to them to spearhead the mis-selling review rather than wait for litigation to begin in the courts, says the Daily Telegraph. John McFall, Labour MP for Dumbarton and chairman of the Treasury Select Committee, told directors at the AITC dinner that it was not an option to say compensation could not be paid because of hard time was "unacceptable". McFall says he believes many customers are entitled to compensation because they "found themselves facing substantial financial loss through no fault of their own" because they ...