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British Pounds in a Mouse Trap

Fraudster given more jail time after failing to pay court order

A fraudster dubbed the “Wolf of Wimbledon” has had an extra four years placed on his jail sentence for failing to pay back more than £7.5m to victims of his scam. Australian national Jeffrey Revell-Reade was found guilty of running a so-called boiler-room scheme, where cold-calls are made by salesman from a dedicated office pitching […]

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Intrinsic to pay after couple’s pension transfer charge complaint

Intrinsic Financial Planning has been told to compensate two clients who were advised to transfer their pensions into plans that made them worse off. The Financial Ombudsman Service handled two complaints from Mr H and Mrs H who said they were not aware of the charges that were applied to their pensions on transfer.       […]

Will investment trusts win over advisers?

Despite offering higher average returns than open-ended funds, advisers are continuing to shy away from investment trusts. Recent research by the Cass Business School suggests that the alpha generated by investment trust managers was higher than that by managers of unit trusts on average. Even taking into account factors such as gearing and share buybacks, […]

Sub-Saharan Africa Near-Term Outlook

By Paul Caruana-Galizia, Neptune Economist

Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.

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