Swansea magistrates court was told that Graham Price, 58, of Llansamlet, Swansea, has been charged with 43 separate counts of theft and deception.According to the charge sheet, five of the counts relate to a total of 4.3m allegedly stolen from the Halifax. A further 21 separate theft charges involve close to another 1m. Magistrates were told he is also facing another 17 charges of obtaining money by deception. Media reports have indicated that the alleged fraud centres in an estate agency and Halifax agency outlet in Gowerton, near Swansea. The defence told the court that additional time was nee- ded to discuss what were described as a range of “complex issues” raised by the case. The frauds are alleged to have taken place between January 2001 and this summer. Price, who spoke only to confirm his name, age and address, was given conditional bail until the next hearing on October 4.
Last week, I reviewed the increasing and seemingly inexorable rise in the importance of searching for the commercial reality in tax planning transactions in order to ascertain how effective they would be in achieving their purpose.
The system for paying for long-term care is unfair and incoherent, according to a discussion paper by the Joseph Rowntree Foundation. It calls for a debate on how to share the costs of long-term care to meet the needs of an ageing population. The paper, Facing the Cost of Long-term Care, suggests that the present […]
A split between Skandia Life’s UK and Swedish management over plans to slash in 65m costs could undermine attempts to fend off a 3.1bn takeover bid from Old Mutual. The Skandia Life board will decide whether to recommend the Old Mutual offer to its shareholders this week. If Skandia rejects the bid, Old Mutual has […]
Framlington fund manager George Luckraft says he will not split his successful equity income fund in two in the style of Fidelity’s special situations fund. Luckraft, who has been at Framlington for three years, is understood to have signed a deal tying him in until 2010 when Axa bought the fund boutique in August. Framlington […]
Thomas Smith, manager of the Neptune Latin America Fund Latin American equities have performed strongly so far in 2016, returning 27 per cent in sterling terms. Much of this move has been driven by newsflow from Brazil, with markets reacting positively to the government voting to impeach President Dilma Rousseff and on the hope of […]
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The government has given reassurances a ban on cold calling will be in place by June. Yesterday, economic secretary to the treasury John Glen repeated the government’s intention to introduce a cold-call ban as soon as possible. During the third reading of the Financial Guidance and Claims Bill, Glen said Clause 9, introduced by the […]
The template for the disclosure of transaction costs and charges set up by an FCA panel will be released by the end of this week, Money Marketing understands. The institutional disclosure working group is an independent panel created by the regulator last September following the package of remedies outlined in the FCA’s final report into the […]
Good events are becoming increasingly hard to find. There are several reasons for this, and the prospects of the situation improving in the near-term look bleak. Technical sessions from providers have been drying up – I assume for fear of being deemed to break FCA inducement rules. I fondly remember the pensions education sessions with […]