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Ex-MD pleads guilty to £750k theft

Lucas Fettes & Partners former managing director Michael Hart has pleaded guilty to 14 counts of theft amounting to £750,000 at Norwich magistrates court. The former IFA has asked for 40 cases to be taken into account, taking the amount stolen from Lucas Fettes and insurance broker Heath & Co to £1.73m from 21 clients. The case has been referred to Norwich Crown Court where Hart,39, will be sentenced.

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National IFA Positive Solutions is setting up a incentive scheme financed by parent company Aegon which could see advisers share in a pool of £28m. The company has attacked the schemes of rival IFAs, describing them as “weasel-worded incentive schemes, most of which have failed dismally”. The Prophitshare scheme is available to existing Positive Solution […]

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