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L&G to pay redress over advice to leave DB scheme

Legal and General could pay up to £150,000 in compensation to a client for the advice it gave them to transfer their accrued final salary benefits into a personal pension. In a Financial Ombudsman Service ruling, Mr B complains a Legal and General adviser he met in 1998 gave him unsuitable advice to transfer. He […]

Lehman Brothers’ collapse: What’s changed since 2008?

This month marks the 10-year anniversary of Lehman Brothers’ collapse. In the second part of our series, leading fund managers speak to Money Marketing about what we have learned and what still needs fixing after the global market crash of 2008. Adrian Hull, co-head of fixed income at Kames Capital Back in 2008, “moral hazard” […]

Focusing on money - Magnifying glass over British pound notes.

Investment fraud ringleader jailed over boiler room scam

A fraudster described as the “controlling mind” of a series of boiler room scams that lost investors more than £2.8m was sentenced to 11 years’ imprisonment on Friday. Michael Nascimento was called the “instigator and the main beneficiary” of the fraud. His sentencing follows the sentencing of five other people involved in the same fraud […]

Schroders increases stake in Benchmark Capital

Schroders is now the ultimate controlling party in advice business Benchmark Capital after increasing its stake in the firm in May. According to Benchmark Capital accounts filed to Companies House, Schroders increased its equity stake in the business to 77 per cent on 25 May. Schroders previously held a 65 per cent stake in the […]

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