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.
Type: Oeic Aim: Growth and income by investing in UK equities Minimum investment: Lump sum £500, monthly £40 Investment split: 27% financials, 20% resources, 19% cyclical services, 8% non-cyclical services, 8% basic industries, 7% consumer goods, 6% general industrials, 5% utilities Isa link: Yes Pep transfers: Yes Charges: Initial 3.5%, annual 1.25% Commission: Initial 3%, […]
Everyone loves a party and, within financial services, many would place famous society beauty and the doyenne of the investment trust sector Annabel Brodie-Smith at the top of their invite list. But was she really spotted hobnobbing with the likes of Nationwide chief executive Philip Williamson and Skipton chief executive John Goodfellow at the Building […]
Kensington is launching a new lender, Money Partners Ltd, which will offer a range of first and second charge mortgage products via mortgage introducers that do not currently recommend Kensington products. Kensington's finance director, Simon Kingdon, will be moving to MPL as finance director. Kensington will acquire the loans originated by MPL. Chief executive John […]
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 […]
By Ali Unwin, Chief Technology Officer & Manager of the Neptune Global Technology Fund Fear has always been a key ingredient for technological experimentation and adoption, and today is no different. But when and where are these fears justified? asks Ali Unwin, Chief Technology Officer and Manager of the Neptune Global Technology Fund Click here […]
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I always try to check my Twitter feed over breakfast. Recently, a tweet from IFA Philippa Gee caught my eye. She had taken her time to attend an investment conference and found she was the only woman there. Comments followed that this occurrence is far too common. According to Unbiased, just 13 per cent of […]
Consumer champion Martin Lewis has today issued High Court proceedings against Facebook over scam adverts published on the site that use his name, picture or reputation. Lewis, who is the face of website Money Saving Expert, is bringing a lawsuit against the social media juggernaut for defamation seeking exemplary damages. Lewis says any money paid […]
Michael Klimes examines if advisers can resolve all drawdown issues themselves or if a wider effort is needed