‘Due care and diligence’ at the centre of BHI Trust probe – FSCA
The FSCA’s investigation into FSPs who might have suggested the trust to their clients aims to assess whether these providers took into account suitability and risk factors.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreThe FSCA’s investigation into FSPs who might have suggested the trust to their clients aims to assess whether these providers took into account suitability and risk factors.
The specialist fund manager says Warriner was not authorised to initiate or conclude any investment mandates on the company’s behalf.
A formal FSCA investigation into BHI Trust in 2020 found that several financial sector laws had been contravened.
The court-appointed joint provisional trustees of BHI Trust are urging investors and creditors to submit their claim forms timeously.
The FSCA says its investigation into BHI Trust will include regulated entities that may have promoted the collective investment scheme’s products.