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Madoff jailed after guilty plea

US financier Bernard Madoff has been jailed after pleading guilty to 11 charges surrounding his $50bn fraud.

Madoff could receive up to 150 years when he is sentenced in June.

Some of his victims have been angered that Madoff has been allowed to plea guilty, given that he will avoid a full jury trial.

Madoff estimates the fraud to be up to $50bn with only $1bn recovered so far.


CII and Tenet offer diploma support

Tenet Group has signed a deal with the Chartered Insurance Institute to provide a learning support package for its member advisers who want to work towards the CII’s diploma in financial planning.

Funds yield to sector switch

Advisers believe more funds are likely to move across to the newly launched IMA UK equity income and growth sector as the search for yield gets tougher.

Beware of the compare

Bright Grey this week launched a lifestyle protection product to be sold through comparison site

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The politics of healthcare

Healthcare is already one of the key battlefields in May’s general election, with each of the main parties committing to deliver improvements to the NHS and public health.


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