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FOS dismisses adviser’s attempt to blame introducer for Harlequin losses

The Financial Ombudsman Service has upheld three complaints relating to Harlequin investments against adviser Allan McRoberts despite him blaming an unregulated agent for lost funds. The clients were referred to McRoberts, who was trading as AM Wealth Management, by an unregulated agent for Harlequin. The Harlequin group of companies marketed and built overseas luxury property […]

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Brexit wounds: How firms are coping with prospect of EU divorce

The financial services industry has been left reeling following the UK’s shock vote to leave the European Union. As politicians, regulators and policymakers grapple with the looming question of “what next?”, financial services firms have been among those seeing dramatic falls in their share price as the markets digest the outcome of the referendum. Providers, […]

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Osborne abandons 2020 budget surplus target after EU vote

The Chancellor George Osborne appears to have abandoned his target of turning the UK’s budget deficit into a surplus by 2020. In a speech today Osborne said the UK must be “realistic about achieving a surplus by the end of the decade”, reports the BBC. The drive to reach a surplus has been the justification […]

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L&G to supply lifetime loans to Santander customers

Legal & General has signed a five-year deal to supply lifetime mortgages to Santander customers. An L&G statement says the arrangement could help Santander interest-only mortgage customers who struggle to repay capital at the end of their terms. The deal will also be open to Santander mortgage customers that want to release equity in retirement. […]

Seeking value in UK equity markets

UK equity investment specialists Martin Cholwill, Richard Marwood and Henry Lowson focus on value in this short video with Lawrence Gosling, Editor of Investment Week. They share their thoughts on how they seek value for investors within UK equity markets, with particular consideration for the role of mergers and acquisitions. Past performance is not a […]

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