View more on these topics

St James’s Place in High Court claim against former partner

St James’s Place has launched a £187,000 High Court claim against former senior partner Peter Carron, who allegedly mis-sold investments to 30 clients of the group.

The claim relates to a £200,000 loan the wealth manager made to Carron in 2008 and is not connected to the potential misselling, according to reports in the Daily Mail.

It comes after the group last week offered £1.8m of compensation to 20 investors.

A spokesman for St James’s Place says: “The loan claim is completely separate from the compensation package.”

Recommended

7

IFS says Budget hits the poorest hardest

The Institute of Fiscal Studies has warned the first coalition Government’s Budget will hit the poorest families hardest. The think tank says the measures announced in June were “regressive” pointing to families with children being set to lose the largest proportion of their income due to benefit cuts announced by Chancellor George Osborne. The IFS […]

Macquarie wrap rethink

Macquarie is offering a range of new features for its wrap, including improved uploading of client assets and the ability to monitor and manage clients’ model portfolios. Advisers can make changes to model portfolios online without having to contact Macquarie. The platform is also offering better visibility of trades and transfers carried out on the […]

Bank of Scotland pulls out of Ireland

Lloyds Banking Group will begin winding up Bank of Scotland Ireland business after being hit by the Irish property crash. The bank has revealed it will begin winding down its Irish operations into Bank of Scotland and will also begin to wind down its Irish portfolio, completing by December 31 2010. The decision, which follows […]

Qatar cover image - thumbnail

White paper — Qatar International Insights

Jelf Employee Benefits highlights new legislation, key requirements and policy considerations when structuring international private medical insurance (IPMI) for expatriate employees in Qatar. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Qatar.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment