Industry figures have urged the Financial Conduct Authority (FCA) to rethink its definition of illiquid securities post-Brexit, after a pair of high-profile liquidity crises hit the industry.
Dealing in the LF Woodford Equity Income fund was suspended on 3 June as mass outflows diminished the fund's liquidity cushion. Two weeks later, Morningstar suspended its rating on H2O Asset Management's...
Investment in unregulated scheme
From 6 April 2020
Investors lost £3m
Following M&G suspension
No change in the 'near term'
UK goes to the polls on 12 December
Over the course of this week Professional Adviser has revealed the majority of the shortlists for our 2020 PA Awards, the winners of which will be announced at a black-tie dinner in February.
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