The Financial Conduct Authority (FCA) is proposing to limit the distribution of mutual society shares to 'sophisticated' or high net worth investors, unless specific requirements have been met.
It is proposing firms selling the investments to ordinary retail investors will need to ensure they have read specified risk warnings and committed not to invest more than 5% of their net assets. This...
Paul Bruns and Elaine Parkes
3,000 left to transfer
Record numbers of people aged 90 plus
From 3 to 10 October