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Logo-no-go

Worst freebie of the yearFirst Active gets the thumbs down for its sartorially inelegant logo-emblazoned cuff-links. The circular beasts feature the group’s tasteful thumbs up logo and are currently gathering dust in the Diary’s hall of shame. A special mention to IFA John Joseph for giving us a tape of one of his “legendary” speeches from a 1992 conference at the Barbican.

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1bn cash deal for exAMP closed life funds

HHG, the company holding the former AMP UK businesses, has sold its closed life books to Life Company Investor Group for 1.025bn in cash.

David Aaron Partnership declared in default by FSCS

The Financial Services Compensation Scheme has declared the David Aaron Partnership and David M Aaron (Personal Financial Planners) Limited in default, paving the way for consumers to receive compensation from the Scheme. Both of these firms traded, at different times, as The David Aaron Partnership.FSCS has written to claimants of The David Aaron Partnership to […]

Swip shape

Scottish Widows Investment Partnership has designed a property fund for high-net-worth investors which can invest up to 100 per cent directly in commercial property. The fund is an authorised property unit trust established under the new collective investment scheme sourcebook published by the FSA in March. Under the old regulations, the maximum that property unit […]

Sure bet

Making the most of a freebie award: Goes to freelance journalist Jenne Mannion who scooped winnings of 200 a time at consecutive junkets to Windsor Park races. At the Cazenove event, she backed winners in five of the six races.

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