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The trial…

The trial of a colleague and an associate of cross-dressing fund manager Peter Young opened at Kingston Crown Court on Monday and is expected to last at least six months.

Former Morgan Grenfell fund manager Stewart Armer and Norwegian stockbroker Erik Langaker are facing charges of conspiracy to defraud and breaching the UK Financial Services Act.

A trial of the facts on Young&#39s role has been postponed until next year.

The group are alleged to have been involved with a string of Luxemburg-based companies established in the mid1990s to cover up over-investment in unquoted stocks by Morgan Grenfell&#39s European unit trusts.


Law firm challenges &#39flawed&#39 pension review

City law firm Halliwell Landau is aiming to drum up IFA support to challenge the PIA&#39s right to carry out the pension misselling review.The law firm claims the regulator does not have the authority to judge advice occurring before it was created in 1994.It says the PIA was applying regulations which did not exist until […]

Skipton Guernsey brings in guaranteed bond

SKIPTON GUERNSEY5 Year Guaranteed Growth BondType: Offshore guaranteed growth bond.Aim: Growth linked to FTSE 100 index. Minimum investment: Lump sum £5,000.Place of registration: Guernsey. Investment split: 100 per cent in growth bond.Guarantee: Capital returned in full at end of term along with 26 per cent growth regardless of movement in index.Isa link: No. Charges: None. […]

ICA conference to coincide with N2

The Institute of Chartered Accountants annual conference is being held on November 6 to coincide with the introduction of N2 from the end of that month.The Institute says the conference in London is aptly timed in the run up to one of the biggest events in the financial services calendar when the FSA becomes its […]

&#39Govt figures back geographic rates&#39

Government statistics back enhanced annuity rates on a geographic basis, according to MGM Assurance.Research from the Office for National Statistics charts disease patterns in regions of the UK and it shows higher levels of heart disease in South Wales, Scotland, Tyneside and Northern Ireland.MGM says measures need to be taken to ensure consumers do not […]


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