View more on these topics

Adviser is jailed for 1.8m theft

A senior financial adviser with a leading East Anglia firm has been jailed for six years for stealing 1.8m from clients over a 12-year period.

David Hart, 39, who had worked for Heath & Co and then Lucas
Fettes & Partners of Norwich, admitted theft at Norwich Crown

The court heard that Hart lived in a luxurious house and owned Aston
Martins, BMWs and Range Rovers.

The court was told that investigators recovered only 300,000 of
the 1.8m stolen but that the sale of Hart’s assets should cover
the losses to clients.

Jailing Hart, Judge Peter Jacobs said: “You systematically defrauded
clients. Your actions were callous, cruel and insensitive. The fraud
was perpetrated over 12 years but intensified in the late 1990s and
early 2000s.

“Some of the victims were relying on that money to fund their


Another turn of the screw

The past 15 years have seen a succession of Government or Government-sponsored measures which have resulted in pensions being steadily kicked to death. The public do not like them due to the annuity trap and lack of inheritability of unspent funds, an increasing proportion of the financial services industry dislike them as more trouble and […]

Dynamic entrance

JP MORGAN FLEMINGJPMF Europe Dynamic (Ex UK) FundType: OeicAim: Growth by investing in growth and value stocks in Europe excluding the UKMinimum investment: Lump sum £3,000, monthly £100Investment split: 100% in growth and value stocks in Europe excluding the UKIsa link: YesPep transfers: YesCharges: Initial 5.5%, annual 1.5%Commission: Initial 3%, Isa renewal 0.5%Tel: 0800 727770JP […]

Depolarisation edge: Gareth Marr

Independent advice is a product in itself that ought to be viewed as a stand-alone commodity. It is not a means to sell products to customers, it is advising them on everything that they need to organise their finances.

Greece: the sideshow continues

Artemis managers James Foster, Mark Page and Laurent Millet comment on the Greek deal, describing it as “just another fudge” getting in the way of bigger developments in China, the UK and the US. To read the full article click here.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm