Capita FM censured and ordered to pay £66m to Connaught investors

Marks the end of FCA investigation into CFM

Carmen Reichman
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Capita FM censured and ordered to pay £66m to Connaught investors

Capita Financial Managers (CFM) has been publicly censured and ordered to pay up to £66m to investors who lost money as a result of investing in the now defunct Connaught fund.

The Financial Conduct Authority (FCA) said in a statement on Friday it would be in charge of processing the payment, which will be made to investors in the Connaught Income Fund, Series 1 in 2018. It...

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