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Advisers in court on multi-million pound fraud charges

Advisers Alan and Russell Taylor will appear before the Norwich Crown Court next month after being charged with 14 fraud offences. The pair were charged on 18 April and appeared in the Norwich Magistrates Court last week where an administration hearing in the Norwich Crown Court was set for 22 July. The Taylors were each charged […]

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EU vote forces SLI to suspend trading on £2.7bn property fund

Standard Life Investments has suspended trading on its £2.7bn UK real estate fund. The asset manager says it halted trading on the Standard Life Investments UK Real Estate Fund and its associated feeder funds at noon yesterday. The suspension will last for at least 28 days and will remain in place until it is “practicable” […]

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Andrew Bailey begins reign as FCA chief

Former Prudential Regulation Authority head Andrew Bailey begins his new role as Financial Conduct Authority chief executive today. Bailey succeeds Tracey McDermott, who was been interim chief executive since Martin Wheatley exited in September 2015. The PRA’s most recent annual report shows Bailey was paid a total of £350,000 in 2015/16, this rises to £460,000 at the […]

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Employer iPMI responsibilities could continue to escalate, says Jelf

New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.

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