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The Independent UK
The Independent UK
Business
Vicky Shaw

FCA warns investment firms over interest earned on customers’ cash balances

FCA SIPP Sheldon Mills
PA Wire

The City regulator has written to investment firms over concerns about the way that interest earned on customers’ cash balances is dealt with.

The Financial Conduct Authority (FCA) has warned investment firms and Sipp (self invested personal pension) operators that it will step in if firms cannot demonstrate they are offering fair value and do not make the necessary changes.

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