The Financial Conduct Authority (FCA) has fined Invesco Perpetual £18.6m for exposing investors to more risk than they had been led to expect in funds including Neil Woodford's giant income portfolios.
The regulator said Invesco Asset Management Limited and Invesco Fund Managers Limited (Invesco Perpetual) has been fined a total of £18,643,000 after clients lost money as a result of being exposed...
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