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£8M homeloan fraudsters jailed

A gang of fraudsters who conned high-street banks out of almost £8m through fraudulent mortgage applications have been jailed at Southwark Crown Court.

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Hargreaves Lansdown says RDR will not cut Omo take-up

Critics have disputed claims that the retail distribution review will reduce the use of the open market option for annuities. Last week, Fitch Ratings said the fact that customers would be faced with explicit fees for advice will drive some towards cheaper, restricted advice or no advice at all. It said this was likely to […]

Royal Liver: Counting the cost

Royal Liver faces £7m bill

The FSA has ordered Park Row’s parent company Royal Liver to pay customer redress estimated at between £5m and £7.8m. The FSA has also publicly censured Park Row and fined the firm’s former chief executive Peter Sprung £49,000. Money Marketing first revealed news of the FSA investigation in March 2009. The FSA says the firm […]

The Merchants Trust PLC – April 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]

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