The Financial Conduct Authority (FCA) has fined Invesco Perpetual £18.6m for exposing investors to more risk than they had been led to expect in funds including Neil Woodford's giant income portfolios.
The regulator said Invesco Asset Management Limited and Invesco Fund Managers Limited (Invesco Perpetual) had been fined a total of £18,643,000 after clients lost money as a result of being exposed to...
More than 4,500 retail investors affected
After failing to turn up to hearing twice
Winning back consumer confidence
Taxation of loyalty bonuses
Shares down more than 50%
Mixed industry reaction to new appointment
Britons will head to the polls today for the nation’s third general election in less than five years.
Adviser recommended products before death
Postcard Planning and NextGen Planners’ Rohan Sivajoti talks to Hannah Godfrey about how his experience in financial services as an ethnic minority differs from his fathers’, who worked in the sector some 40 years ago...
And mortgage lending