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FSA fines advisers over Lehman

The FSA has handed out three fines to advisers after they improperly advised clients to invest in structured products backed by Lehman Brothers.

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Nucleus in £15m cash call

Nucleus is planning a £15m rights issue to pay back the company’s debt to South African insurer Sanlam. Nucleus founder and chief executive David Ferguson (pictured) says the fundraising has been discussed informally for the last 18 months and has secured large shareholder support. It is expected to be completed by the end of this […]

Neptune soft-launches income funds

Neptune has bolstered its fund range with the soft- launch of both a US income fund and a higher income fund. The US income fund will have 40 to 60 holdings, which will predominantly invest in high yielding North American companies. The fund, which sits in the IMA North America sector, is managed by Rebecca […]

HSBC’s Geoghegan to step down

HSBC chief executive Michael Geoghegan is set to step down at the end of this year after being overlooked for the vacant chairman’s role.

Benefits of using a probate bare trust

Have you ever wondered what happens to someone’s investment bond on their death if it is not written in trust? When someone dies it is essential to deal with their estate, which can be made up of their home, belongings, investment bonds and anything else they may have owned. But, it is not as simple […]

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