UK's FCA urged to curb Saba Capital's 'disruptive board challenges' on British investment trusts.

UK financial industry figures, led by the Association of Investment Companies, have urged the Financial Conduct Authority to intervene in what they describe as repeated and disruptive board challenges by Saba Capital targeting British investment trusts. The AIC has called for reforms to limit the number of times similar resolutions can be tabled and to improve voting access for retail investors.