Financial advisers could be on the hook for hundreds of millions of pounds after the latest twist in the Harlequin saga in which the Financial Services Compensation Scheme (FSCS) has written down the value of the investment to nil.
In a document from the FSCS seen by Professional Adviser, dated 12 February and marked ‘compensation calculation', the body lists the value of a Harlequin Property investment as £0.00. A FSCS spokesperson...
Asset managers must provide evidence demonstrating the right investments are being made both from financial and sustainability aspects, or risk undermining investors’ trust, Schroders’ Alex Funk says.
Q4 2020 saw 11% rise in assets
Two rate hikes now expected in 2023
A world of 750 multi-asset funds
Multi-billion pound industry
Five key points
400 to be made redundant
Wealth manager also considering sale
'On the surface, flat-rate tax relief is very appealing'