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Trustees banned for pushing transfers into high-risk investments

The directors of two pension trustee and administration firms have been banned from running any company for 21 years for their role in persuading unsophisticated investors to move to schemes backed by high-risk investments. Roger Bessent, Matthew Bessent, Neil O’Donnell and Tracy Park were directors of Preston-based Gleeson Bessent Trustees, which serviced a number of […]

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Embattled Sipp provider reports profit as claims swirl

Liberty Sipp, which is facing claims over unregulated investments, has reported a nearly 20 per cent increase in pre-tax profit. Money Marketing reported in May law firm Anthony Philip James & Co says it has up to 700 investors who allege they have suffered significant losses as a result of unregulated pension investments through the […]

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OMGI reveals new name

Old Mutual Global Investors will be renamed Merian Global Investors from the autumn. The name change follows the completion of the sale of the single-strategy business to TA Associates last week. The exact date of the renaming is yet to be confirmed with OMGI going by its current name until then. OMGI chief executive Richard […]

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