FSA to publish splits report

The report, which comes in the wake of the growing scandal over split capital investment trusts, could result in a far-reaching investigation into the industry.

Many investors have lost out by investing in the trusts, which have suffered from falling stock markets and a ‘magic circle’ of funds that invested in each other.

The highly complex structures were marketed as low risk investments, but now many investors face losing up to 90% of their money.

Class Law, the group legal action specialist, is continuing to plan moves against those advisers, including accountants, who adviced clients to invest in the trusts.

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