Police have arrested a 58-year-old man in a £20m investment fund fraud investigation surrounding Gilher Inc, which offered 20 per cent returns to investors. The man has been released on police bail.
Former corporate broker intern Matthew Uberoi and his father Neel Uberoi were today sentenced to 12 and 24 months in prison respectively for insider dealing.
Chancellor Alistair Darling has confirmed that VAT will return to 17.5 per cent on January 1, 2010.
Ben Yearsley’s Fund Focus
As far as the detail of the pre-Budget report is concerned, the main implications that affect financial advisers are as follows:
President-elect Trump has suggested withdrawing from the North American Free Trade Agreement (NAFTA) and ending negotiations over the Trans-Pacific Partnership (TPP), albeit there is considerable uncertainty over what he will, or even can, do. If one of the main consequences of the election of Donald Trump is US protectionism, it’s worth considering who stands to […]
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Lawyers who represent investors against Berkeley Burke over allegations of mis-sold Sipps estimate more than 1,000 claims could be in pipeline. The High Court has approved a group litigation order relating to claims against Berkeley Burke Sipp Administration, and those affected have until 23 July 2018 to register to join the group action. It is […]
Do not be spooked by recent falls. The bull market has further to run. Stockmarkets have been thriving in the not-too-hot, not-too-cold “Goldilocks” backdrop of the last few years. Growth has been strong enough to boost profits, and inflation low enough to keep central bank policy loose. Recent stockmarket weakness is centred on signs that […]
The FCA continues to engage with the asset management industry on new European regulations as questions remain over how firms should report costs and charges. After over a month since Mifid II and Priips came into force, concerns have been raised on how fund fees, in particular transaction costs, should be calculated under the two […]