This is a personal blog by ShareSoc Director Cliff Weight and does not necessarily represent the views of ShareSoc.
I have been concerned about Closet Indexing for some time. As have many others, eg
https://www.sharesoc.org/blog/general-news/closet-index-trackers-are-you-paying-over-the-odds/
https://www.sharesoc.org/blog/general-news/closet-index-trackers-investigations-in-progress/
https://www.sharesoc.org/blog/collective-investments/closet-indexing/
I met with executives from the FCA on 26 July to discuss our concerns. I have also had several conversations with David Rankin from Punter Southall. The latest news is that Harcus Parker have now starting gathering claimants for a class action against Scottish Widows. They have said-
Harcus Parker ...