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Split Capital Investment Trusts - Split Caps

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FSA Closes Book on Split-Cap 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 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 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 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 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 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 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 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 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 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

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UBS to Defend Split-Cap Suit UBS to Defend Split-Cap Suit Irish property business REO is taking investment bank UBS to court, suing for loses on portfolio of split-capital investment trusts, UBS says it will defend the action, trial could last up to six weeks 23.04.07 Times, Capital Markets, Investment

UBS Wealth Mismanagement UBS Wealth Mismanagement Countess of Normanton is suing UBS for negligence in duty of care, invested substantial amount of her fortune in high-risk split capital investment trusts, had been told money needed to be kept safe to generate income 16.03.07 Telegraph, Financial Services, Professional Negligence

Split Caps Split Caps Exeter Asset Management and Teather & Greenwood have agreed £1.3m payment in final settlement for misselling of split capital investment trusts 15.04.05 Telegraph

Split Cap Hearing Split Cap Hearing FSM Tribunal will hear appeal of David Thomas against ban on working in the City, 'architect of split capital investment trust schemes' 24.09.04 Guardian, Financial Services Links

Split-Cap Fine Split-Cap Fine FSA has fined Hargreaves Lansdowne £300k, firm marketed split-capital trusts as 'low risk' after troubles in sector had become evident 11.06.04 BBC, Financial Services Links

New Star to Sue FSA New Star to Sue FSA Fund manager may sue regulator for defamation over comment that the 21 firms the FSA is forcing into mediation over split-cap trusts 'ripped off customers' 24.05.04 Telegraph, Libel Links

New Star to Sue FSA New Star to Sue FSA Fund manager may sue regulator for defamation over comment that the 21 firms the FSA is forcing into mediation over split-cap trusts 'ripped off customers' 24.05.04 Telegraph








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