Crackdown on brokers 'double dipping' customers' cash reserves wipes millions off the sector
by Simon English and Michael Hunter
Dec 12, 2023
2 minutes
THE top City watchdog today warned stockbrokers and pension funds that pay zero or very low interest rates on cash accounts to get their house in order – or face punishing regulation.
That follows an in November which revealed that top brokers earn £1.3 billion a year from paying
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