Bank of Scotland International’s Una Sheehy headed to Galle in Sri Lanka on July 30 as part of an HBOS initiative to help with the post-tsunami rebuilding programme. Sheehy, part of BoSI’s business development team is part of a 40-strong team of HBOS volunteers who will work alongside local families to build eight houses over two weeks. As well as the actual rebuilding prog-ramme, HBOS and the team hope to raise sufficient funds through sponsorship and corporate donation to build at least 160 new homes or rebuild 800 damaged ones.
Foreign & Colonial investment trust has outsourced management of its American and Japanese assets and introduced an overall performance fee. The 450m US large-cap portfolio will be split between four managers while its 120m Japanese portfolio will be run by Goldman Sachs. Management of the US small-cap business will stay with F&C. F&C says it […]
Nicholas Macpherson has been appointed Permanent Secretary to the Treasury, succeeding Sir Gus O’Donnell. Macpherson was previously managing director of the budget and public finance directorate and before that was head of the public services directorate. He has 20 years’ experience in the civil service
Polar Capital director Brian Ashford-Russell says technology is within 18 months of an upturn. New Star select opportunities manager Patrick Ever- shed has increased his fund’s technology weighting to up to 40 per cent. Retail investors lost huge amounts of money when the technology bubble burst in March 2000. Ashford-Russell says he understands investors are […]
I was not surprised to read of Messrs Lawson and Ritchie’s handbags at 50 paces, with the ever conciliatory Iain Naismith as referee.
By Jim Grant, Senior Product Insight & Technical Support Analyst 6 April 2016 brought in changes to employer duties for directors and partners in limited liability partnerships. Here we explain exactly what’s changed. Before 6 April 2016… Directors of limited liability companies where there were no other directors or employees were exempt from the employer […]
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A former IFA who pocketed clients’ Sipp money has been given a six-year jail sentence. Darren Say, who ran advice firm Wealth Connection, was found guilty of fraud by abuse of position and of fraudulent trading after creating a pension scheme that loaned money to clients’ Sipps before investing funds in a property company where […]
Consumer champion Martin Lewis has published a passionate warning about scam advertisements using his identity to endorse investment and insurance schemes. Lewis, founder of Money Saving Expert, has posted a video denouncing a cloud-based trading scheme that claims he invested £500,000 in it. He says in the video: “It is a con, it is a […]
The FCA cancelled the authorisations of more than 200 firms last year for failing to meet “basic regulatory requirements” like paying their fees or filling out regulatory returns. The regulator revealed the figure in an update today, that its Threshold Conditions Team took enforcement action against at least 207 firms for failing such compliance failings […]