Investors learn of payout from split caps compensation fund
July 2005
40,000 apply for split-cap payouts
Nearly 40,000 investors could be in line for payouts averaging £3,600 after losing money in supposedly low-risk split capital investment trusts, it emerged yesterday.
One in five miss splits compensation deadline
One in five people who may be eligible for compensation after losing money in split capital investment trusts have failed to apply for redress, figures showed today.
Investors slow to chase splits cash
Investors who lost money through holdings in split capital investment trusts have just one week to claim for compensation, yet by Friday fewer than half had returned forms to the organisation in charge of making payments.
June 2005
Split-caps compensation deadline approaches
Investors who have lost money through holdings in split capital investment trusts have been urged not to delay applying for compensation, with just over a month to go until the deadline for applications.
April 2005
Split cap victims to share £144m compensation
Regulators yesterday threw open the doors for 50,000 investors to claim their share of a £144m compensation fund set up following the collapse of supposedly low-risk split capital investment trusts.
Split capital trust victims urged to claim
Investors who lost money through ill-fated split capital investment trusts were urged today to begin filing their compensation claims.
Two more firms pay into split-cap fund
Two more financial firms are to contribute to the fund set up by the Financial Services Authority to compensate investors who lost money in split capital trusts.
January 2005
Sleepless in Aberdeen split caps?
Split cap firm's loss widens to £87m
December 2004
Terry Smith holds key to split caps settlement
Terry Smith, the outspoken chief executive of Collins Stewart, holds the key to negotiations for a compensation fund for investors who lost money in split capital trusts.
October 2004
Why borrowing isn't always a bad thing
Borrowing, as any homeowner will tell you, can be a good thing. Use it to buy a bigger house than you could otherwise afford and, as the price of your house rises, the debt stays the same, allowing you to pocket all the profits.
Win big with a split decision
They caused pain in the past, but should you keep faith with split capital trusts? Heather Connon reports
Splits that are all they're cracked up to be
Heather Connon
Heather Connon: Can you guess which type of savings vehicle would have turned 100p invested in January 1996 into 422.4p today?
June 2004
MPs press for speedy payouts
The FSA was yesterday accused by the Treasury select committee of failing to get an early settlement for investors who lost money in split capital investment trusts.
Compensation pledged for split-cap victims
The City watchdog today said it was still trying to get £350m in compensation for people who lost money in split capital investment trusts.
IFA fined £300,000 for split cap optimism
The Financial Services Authority yesterday cracked down on the mis-selling of split capital investments, fining independent financial adviser Hargreaves Lansdown £300,000 for "unrealistically optimistic" advice to buyers.
May 2004
FSA issues split-capital ultimatum
FSA told firms involved with the split capital investment trust scandal to get to the negotiating table and pay up to £350m in compensation or face lengthy enforcement action.
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