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...
'People miscalculate how much they need'
Information request by AJ Bell
Could lose 97% of investment
'Document your conversations'