The Financial Conduct Authority (FCA) has fined Henderson Investment Funds Limited (HIFL) nearly £1.9m for overcharging retail investors in its Henderson Japan Enhanced Equity and the Henderson North American Enhanced Equity funds.
The total fine of £1,867,900 was issued for failing to treat fairly some 4,500 retail customers invested in the two funds, which breached Principle 6 of the FCA's Principles for Business. The fine relates...
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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