Capita makes £37m provision ahead of Connaught investigation
'FCA indicated it could penalise the firm'
Capita PLC has set aside £37m in case it is fined by the Financial Conduct Authority (FCA) in connection with its conduct as operator of the Connaught Income Series 1 Fund until September 2009.
In its half-year results published on Thursday, Capita said the FCA "recently indicated" to the company it could penalise the firm in connection with its conduct as operator of the failed Connaught fund....
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