View more on these topics

The haves and the have-nots

I have now heard from the Financial Services Compensation Scheme that, in a case where a defunct firm has one person who is bankrupt and another who is a millionaire (this is an actual case), nothing can be done and the firm cannot be declared in fault.

In a case like this, my working-class clients, who have several cases against this firm, are therefore quite unable to obtain compensation as they do not have the money to sue.

A sad reflection on life in the UK today.

Bruce Jamieson
Principal
Jamieson Financial Management

Recommended

Advisers shunned as small firms get help on corporation tax

Aifa director general Chris Cummings has hit out at Chancellor Alistair Darling for announcing measures to mitigate increases in small business corporation tax for some industries but not advisers.In last week’s Budget, the Chancellor set out a number of concessions to small businesses to help soften the increase in corporation tax on small firms from […]

Resolution AM adds to UK desk

Resolution Asset Management has announced the appointment of Martin Brown to its UK equity desk.Brown joins from Aberdeen Asset Management and also worked for Glasgow Investment Managers. He left the firm in January 2008.He will report to chief investment officer for UK equities Peter Reid.Reid says: “I’m delighted to have attracted someone with Martin’s skills […]

Market faces £625m proc fee shortfall, warns edeus

edeus is warning the current liquidity crisis could lead to £625m being wiped off the total procuration fee revenue for the UK mortgage market. Managing director Alan Cleary says there could be a 30 per cent deficit in the amount of finance available to borrowers in 2008, leading to a subsequent fall in payable proc […]

Five ways to invest in the connected world

Smart utility metering; fitness trackers; connected cars; smart factories; precision agriculture: the internet of things encompasses myriad applications. But how do you gain exposure – and profit – from this growing trend, asks Neptune fund manager & CTO Ali Unwin. Read more: Important information Investment risks Neptune funds may have a high historic volatility rating […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com