Consumers can claim up to £48,000 in compensation if they have lost money dealing with Charles Dutton Asset Management, according to the Financial Services Compensation Scheme (FSCS).
The FSA declared the Colchester-based asset manager in default earlier this month following its liquidation last March. The FSCS then received a compensation claim last April and another in January this year. A spokeswoman for the FSCS says: “We have just had two claims. It is a relatively small default. The claims are in relation to the mismanagement of an investment portfolio so there might just be two claims.” The FSCS has paid more than £1bn in compensation from its inception in December 2001 to January this year. To comment on this story contact: Jennifer Bollen Reporter Tel: 020 ...
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