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Connaught investors to get compensation by October

Investors who lost money after the collapse and suspension of the Connaught Income Fund in 2012 have been told redress payments will start by 27 October. Investors tell Money Marketing that joint communication from administrators Duff & Phelps and the FCA outlines figures owed for individual cases and gives until 25 September for responses to queries. […]

Quilter listing boosts profit at Old Mutual

The listing of Quilter contributed to a 42 per cent increase in post-tax profit at Old Mutual in the six months ended 30 June. Quilter, formerly Old Mutual Wealth, listed on the London Stock Exchange valued at £2.76bn on 25 June. In half-year results released this morning, South African business Old Mutual, which is still listed […]

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Platform challenger sees loss increase as client numbers edge up

Embark Group’s platform saw its loss increase to £1.3m in 2017 from £90,000 the year before. Accounts filed to Companies House show the business, Embark Investment Services, grew its revenue in the 12 months ended 31 December 2017 to £1.4m from £1.1m in 2016. Total client numbers on the platform increased by 9,403 to 67,419, […]

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