Split-caps compensation to increase

Fund Distribution Limited – the company set up to distribute compensation to 25,000 policyholders who were mis-sold split-capital investment trusts – earlier this year announced policyholders who agreed to the deal would receive approximately 40p in the pound against the amount they actually lost, once additional payments from any other sources had been taken into account. Since then, FDL has received acceptance to more than 97% of eligible policyholders for the compensation deal where they are eligible to receive monies, and some £113m has been paid to around 24,600 investors in respect ...