Invesco fined £18.6m for risk level

One of the UK’s biggest fund managers has been fined £18.6m after it exposed investors to more risk than they expected.

Invesco fined £18.6m for risk level
Mon, 28 Apr, 2014 - 16:14

One of the UK’s biggest fund managers has been fined £18.6m after it exposed investors to more risk than they expected.

The Financial Conduct Authority (FCA) handed the fine to Invesco Perpetual, based in Henley-on-Thames in England, due to failings in its handling of risk.

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CourtsBusinessHeathrowPlace: UKPlace: Henley-on-ThamesPlace: EnglandPerson: Tracey McDermottPerson: Mark ArmourOrganisation: InvescoOrganisation: Financial Conduct AuthorityOrganisation: FCAOrganisation: Invesco Perpetual
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