Larger fund managers with ‘fragmented’ manual record-keeping processes risk fines from a more inquisitive regulator, according to a compliance specialist.  The warning follows last week’s shock reprimand for asset management giant Invesco Perpetual.  According to the FCA report, Invesco Perpetual relied on a manual, paper-based order entry process in relation to its fixed income funds.

Read more:Investment Week, May 08 2014

Pin It on Pinterest