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Wealth management boss jailed over £14.5m Ponzi fraud

A former boss of a wealth management firm has been sentenced to six years in jail for defrauding 55 people out of £14.5m in a Ponzi scheme. Freddy David, former managing director of Hertfordshire firm HBFS Financial Services, pleaded guilty to obtaining a money transfer by deception and fraud by abuse of position at Southwark […]

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CDC schemes risk irreversible ‘intergenerational injustice’

Collective defined contribution pension schemes risk creating intergenerational injustice and undermining pension freedoms, warns the Centre for Policy Studies. In a report published today, CPS research fellow Michael Johnson says the evidence on countries that have such schemes, including the Netherlands, Canada, and Germany, is mixed. CDC pensions – which are not yet available in […]

M&G boss exits in leadership reshuffle ahead of Pru demerger

M&G Prudential has revealed a raft of leadership changes ahead of its demerger from Prudential. M&G Prudential was formed in August last year through the merger of asset manager M&G and Prudential’s UK and European life business. Among the changes announced today are that M&G Investments chief executive Anne Richards will leave the company to head […]

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