Phoenix Life is deliberately withholding accurate performance data on the £37bn of with-profits bonds it manages in order to keep investors from exiting the "dreadful" investments in droves, according to a damning report by an IFA.
The closed life fund consolidator - which it is alleged makes around £300m from management fees on the funds - strongly denied it withholds information from investors. Penguin Wealth researched Phoenix's...
View from the front row
Project Libra unveiled
Including SJP and investment trusts
Spent two years at Sanlam
Will also assess FCA's actions