Investors await action on Reyker plan management charges

The 12,000 investors in former Merchant Capital structured product plans wait to hear whether the Financial Conduct Authority will act


Investors and participants within the structured products industry are waiting to find out what, if anything, the Financial Conduct Authority will do about the 12,000 investors saddled with fees of up to £600 when Reyker Securities took over plan management of their Merchant Capital structured products.

Reyker, the London-based financial administrator and custodian, announced the charges at the end of April. Since investors and independent financial advisers (IFAs) found out that charges

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