Aberdeen Asset Management insists it will push ahead with a compensation scheme for investors in the...
Aberdeen Asset Management insists it will push ahead with a compensation scheme for investors in the Progressive Growth Unit Trust, according to the Scotsman newspaper. The scheme could see investors who suffered from the split capital trust debacle getting their capital returned within three years. The assurance came after press speculation that the company had abandoned the rescue plan because of concerns about its cost and that it might be forced by the regulators to pay compensation to holders in trusts that have collapsed.
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes