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Boiler room gang jailed over £7.5m landbanking fraud

Four men have been jailed over a boiler room scam that defrauded 193 vicitims of £7.5m through a scheme selling land at inflated prices. The men were sentenced following an investigation by City of London Police. The details of the case can only now be made public after reporting restrictions were lifted. James Byrne set […]

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Standard Life backs Elevate as standalone platform

Standard Life says Elevate will continue to operate as a separate platform from its existing Wrap offering following adviser feedback. Standard Life’s acquisition of the former Axa platform completed earlier this month, with the deal creating the largest adviser platform by assets with combined assets under administration of £38.4bn as at the end of March. […]

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FCA looks at merging FSCS and PI bills

The FCA is discussing combining Financial Services Compensation Scheme protection with professional indemnity insurance as part of the FSCS funding review. Personal Finance Society chief executive Keith Richards says one of the ideas being talked about is a potential centralised fund that advisers would pay in to instead of paying FSCS bills and PI insurance […]

Spring has sprung

Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief.  Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place.  And that got me to thinking […]

Auto-enrolment: tips for employers

The Pensions Regulator (TPR) has released advice on communications for employers, including three tips to help you with your auto-enrolment duties. 1. Allow enough time to select your pension schemeIt’s recommended that you start to prepare for auto-enrolment at least 12 months in advance of your staging date; additionally, give yourself time to choose the […]

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