5
FSA Closes Book on Split-Cap
No single individual will be formally censured in relation to the mis-selling of split-capital investment trusts, £195m has been paid out in compensation 22.05.07 Telegraph, Capital Markets, Financial Services, Financial Services Authority
Split Cap Payouts
Investors in split capital investment trusts have been told whether, and how much, compensation they will receive 30.03.06 BBC, Financial Services
Split-Cap
Take up of compensation claims in misselling of split-cap funds surprisingly low, five weeks to deadline 13.06.05 BBC, Financial Services Links
Let's Split Cap
FSA is ready to start doling out compensation fund for investors missold split capital IT shares, £144m to share among 50k, 3 mths to apply Guardian How the split cap issue evolved 21.04.05 BBC
Split Cap Bust
Exeter Investments, leading marketer of split capital investment trusts, has gone into administration, leaves investors unsure of how to claim compensation 08.03.05 BBC, Insolvency Links
Split Caps
MPs are questioning why the FSA quietly dropped criminal inquiry into split cap providers, regulator says it was trade-off to secure quick compensation 09.02.05 Times, Capital Markets Links
Split Cap
FSA is likely to get less than £200m in compensation for split cap mis-selling, Aberdeen likely to contribute £75m 12.12.04 Telegraph
Regulating Splits
Treasury has bowed to parliamentary pressure to launch consultation on regulation of split capital investment trusts, Treasury committee recommends FSA oversight 25.11.04 Telegraph, Treasury Press Release, Treasury Consultation Document, Capital Markets Links
Split Caps
MPs on Treasury committee say offer of £100m compensation fund is an 'insult', FSA admits only three of 21 firms have agreed to mediation, 30 individuals are also under investigation 24.06.04 Telegraph
Split Caps
FSA has set deadline of this Friday for 21 firms accused of misselling split capital investment trusts to settle or face fines, firms have offered £120m, say amount demanded by FSA unaffordable 15.06.04 Telegraph, Financial Services Links