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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Workplace savings and pensions business Punter Southall Aspire is to acquire Oxford-based IFA Focus Oxford as it outlines its ambition to set up a national advice service. The acquisition is part of the firm’s plan to integrate its retail advisory arm and corporate business. Focus Oxford has £200m of assets under management and the deal […]
Several independent boards of Baillie Gifford’s investment trust clients have written to the FCA about concerns with new Priips key information document rules. Baillie Gifford’s concerns relate to disclosure rules for the documents. It says these are based on past performance and could lead to investors being misled. Baillie Gifford compliance and legal partner Graham Laybourn […]
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