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FCA issues statement warning consumers about mismanagement of 'asset protection' trust schemes

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Published on: 25 April 2023
Published by LNB News

LNB News 25/04/2023

Document Information

Issue Date: 25 April 2023

Published Date: 25 April 2023

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) has issued a statement warning consumers about mismanagement of 'asset protection' trust schemes, saying it has seen cases of firms seriously mismanaging trusts with unsuitable investments being made by trustees.

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Jurisdiction(s):
England, Northern Ireland, Scotland and Wales

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