The FSA is warning firms against using the word ‘cash' when naming Money Market Funds (MMFs), saying it is "potentially misleading".
It says the word cash implies little or no risk to investors' capital when in fact the current low interest rate environment, combined with annual management charges, has created negative yields for some...
£624,311 of assets frozen
Ahead of December deadline
Advisers should reconsider process
In preparation for December deadline
UK investors lost hundreds of thousands of pounds
Lifts advisers to seven
Income from advice fees down