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Firms behind unauthorised ‘gold mining’ scheme shut down

Three companies behind a gold mining investment scheme promising investors returns of 12 per cent a year have been shut down following an investigation by the Insolvency Service. Continental Mining Opportunities, registered in Panama, sold partnerships to investors in a company called Montana Leon. Montana Leon was said to own a 30 per cent stake […]

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FCA urges advisers to plan for wind-down

The FCA is consulting on guidance for firms closing down their business after advisers requested clearer information from the regulator. In a 28-page consultation document aimed at solo-regulated firms, the FCA says firms should have a wind-down plan regardless of how they are performing. The regulator adds the approach it sets out is not mandatory for firms […]

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Axa to sell out of £1.4bn tobacco holdings

Axa has pledged to divest its €1.8bn (£1.4bn) in tobacco investments, saying smoking presents the biggest threat to public health. The insurance and investment firm says it will immediately divest its €200,000 in tobacco stocks, and over a longer period will sell out of its €1.6bn in tobacco industry bond holdings. It will also not initiate any […]

Outstanding Contribution to the Industry: Tony Wickenden

Tony was put forward by his peers to win the prestigious Outstanding Contribution to the Industry award thanks to his commitment to making tax planning and technical support accessible to advisers, providers, platforms and fund groups. He has been writing for Money Marketing since the magazine was launched over 30 years ago. His columns pre-date […]

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