Kevin Foster was last week jailed for 10 years for running an unauthorised investment business and stealing investors’ funds through his £34m KF Concept scam.
Legal & General has launched a new website for advisers selling group protection.
The FSA is launching an investigation into Goldman Sachs International in relation to US Securities and Exchange Commission allegations of fraud.
Bupa Individual Protection head of sales Mark Anders has left the company. Anders, who joined Bupa in March 2007, was responsible for its relationships with intermediary partners. Before joining Bupa, Anders worked at LV= as a sales manager in the intermediary division. Bupa has not yet decided whether it will be recruiting a replacement. Anderswill […]
Now that we are firmly in the new tax year – a year when we are all likely to paying rather more tax – I feel the need to take a step back and look at what has been going on in the investment world. The seemingly unstoppable rise in indices all around the world […]
Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review In February, the House of Commons passed a draft law to trigger article 50 of the Lisbon treaty for the UK to exit the EU. In corporate news, Warren Buffett backed Kraft Heinz in its takeover […]
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Pensions minister Guy Opperman is hoping the single financial guidance body will be established by winter. Opperman updated delegates at the ABI retirement conference today on how the guidance body is progressing. Currently the government is looking for a chair and chief executive who, once hired, will start looking at how the single guidance body combining […]
The FCA’s recent discussion paper, DP18/2: Transforming Culture in Financial Services, focused heavily on how to drive cultural change within an organisation. A number of the paper’s contributors highlight that focusing solely on senior management behaviour and the ‘tone from the top’ overlooks the complexity of organisational culture and the role all employees have in […]
Jupiter Asset Management is concerned markets could see further volatility in the latter part of 2018, while the strength of the dollar could also threaten global growth. Speaking at Jupiter Asset Management’s annual investment dinner last night, fund manager Ariel Bezalal said: “Our concern is that what we had in February with the shocking rise in […]