Justin Cash

Justin Cash is Money Marketing’s editor. He has previously worked for magazines including Citywire and Legal Week. He can be reached on justin.cash@centaurmedia.com or 0207 970 4776.

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Autumn Budget: Tax evasion crackdown to raise £23bn a year

The Government has outlined a raft of measured designed to bring in an additional £160bn from tax cheats. The seven-year plan lists 18 different ways the Government is looking to raise the revenue. These include extending how long HM Revenue and Customs can go back in time to assess non-compliance for offshore tax evaders. Double […]

Autumn Budget: Growth revised down as productivity stalls

Productivity growth continues to be stagnant, resulting in the lowering of growth forecasts, Chancellor Philip Hammond has announced in his Budget today. Hammond announced that the productivity estimates from the Office for Budget Responsibility had remained “stubbornly flat”, meaning that GDP growth will have to be revised down. In 2017, growth is now expected to […]

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Activist investor urges FCA to fix LSE management

The Children’s Investment Fund has asked the FCA and Bank of England to appoint a new chairman at the London Stock Exchange over fears corporate governance is not up to scratch. TCI, which holds a five per cent stake in the exchange, feels the forthcoming departure of LSE chief executive Xavier Rolet has not been […]

Advisers await Budget as Govt stays tight-lipped

Advisers are looking ahead to potential tax and savings changes, but the Government has kept its Budget cards close to its chest this morning. Fewer major policy changes have been briefed by Number 10 ahead of time than in previous years, but commentators have been keen to stress that little is off the table. Ascot […]

Budget is ‘make or break’ for Hammond

The lead in to the Chancellor’s statement today has been “the worst Budget build-up in history”, cabinet sources have told the media. Theresa May’s team wrested control of a last-minute briefing away from Number 11 this morning, The Telegraph reports. The news comes on the back of other reports that May’s advisers have also expressed […]

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London asset manager targeted in latest clone scam

Scammers are pretending to have offices in London’s famous Gherkin building as part of their attempts to impersonate a genuine asset manager. The ‘clone’ scam the FCA has highlighted in a website post today involves fraudsters borrowing the name of Wharton Asset Management, which is actually based on Harley Street in London, but forges an […]

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FCA charge for late Gabriel return upheld after complaint

The FCA was right to issue a firm with a fine for filing its regulatory returns late, an adjudicator has ruled, after the firm complained that it was not told that its submission was due. Firms are charged a £250 late administration fee if they fail to submit their Gabriel return on time. A firm […]

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Nutmeg assets pass £1bn

Robo-adviser Nutmeg has passed the £1bn assets under management mark. The firm says it has roughly doubled both funds and client numbers since September 2016. Nutmeg now has around 48,700 customers. However, the digital wealth manager has struggled to make a profit since launching five years ago. Its 2016 losses amounted to £9.3m, up from […]

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Key Retirement signs deal to unlock equity release advice

Equity release adviser Key Retirement has signed a new deal with live-in care provider Elder to give advisers more support on helping retired clients using their home to afford residential care. Key Retirement says that through lifetime mortgages with Elder, advisers will be able to offer new options for older clients wanting to remain in […]

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SimplyBiz signs another DB transfer deal after outsourced adviser exits

Support service provider SimplyBiz has signed a third new deal for defined benefit transfer advice work after its original partner pulled out of the marketplace. In an email to members seen by Money Marketing, compliance director Gary Kershaw apologises for any inconvenience caused by Crowborough-based advice firm CFPML’s decision to exit the DB transfer marketplace. […]

FCA issues warning on fake regulator legitimising scam

The FCA and US counterpart the Securities and Exchange Commission have warned that a fake regulator is being used by scammers to convince customers to hand over money. The pair have warned that a pretend agency called the Federal Financial Regulatory Board, based in Boston, is actually being promoted by so-called “boiler room” fraudsters to […]