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Locked up for unlocking scam

A tax consultant has been jailed for four years for a pension unlocking scam that transferred £16.5m from an occupational scheme.

Anil Kumar of The Broadway, Letchworth, Herts was found guilty of cheating the public revenue of £5.5m tax through the scam that earned him and his partner Peter Rumball £2m in commission between 1997 and 2000.

A warrant for arrest is outstanding on Rumball who left the UK for the Philippines in 2001.



“No, absolutely not. Others have the facility to pass it on to the client and we have no such facility. In my view, it would be completely immoral.” James Goodwin Purcell White, James White & Partners “Certainly not. The way that things are moving at the moment,it feels as if we are being kicked while […]

Edinburgh Partners – Global Opportunities Fund

Type: Oeic Aim: Growth by investing in global equities Minimum investment: Lump sum $10,000 Investment split: 100% in global equities Place of registration: Dublin Charges: Initial up to 5%, annual 1.25% Commission: Subject to negotiation Tel: 0131 270 5570

PAA cuts cost of term leads

The Professional Advisor Alliance is cutting the cost of the term insurance leads it sells to intermediaries. The PAA will cut leads by 30 per cent to £35 from £50. The company says the move has been prompted by an increase in the number of leads it is getting from financial services website Moneysupermarket […]

Correspondent&#39s week

Is the housing market about to fall off a cliff just as the stockmarket did four years ago? And how long before the damage caused by the stockmarket crash is fully repaired? Those thoughts ran like a thread through the past week. Like many wives, mine is addicted to TV programmes which tell us to […]

Sub-Saharan Africa Near-Term Outlook

By Paul Caruana-Galizia, Neptune Economist

Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.


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