One of the most significant fines of 2014 was the fine imposed on Invesco Perpetual in April 2014 of over £18 million for breaches of Principles 3 and 7. The FCA found that it had failed to take reasonable care to ensure that the systems and controls that it put in place around the front […]

In this report we consider the FCA’s decision to fine Invesco Asset Management Ltd and Invesco Fund Managers Ltd (together, Invesco Perpetual) £18,643,000 for failings relating to fund management and for exposing investors to greater levels of risk than they had been led to expect. Background Invesco Asset Management Ltd and Invesco Fund Managers Ltd […]