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Turnover rises by 28% for Sumus

Falcon Group holding company Sumus has announced a 28 per cent increase in turnover for the first quarter of its financial year from 2.6m to 3.3m. The firm now has 133 advisers and says it is reviewing acquisition opportunities.

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Friends Provident PR Russell Spink tells us that while he was working at the BBC, he once met Stephen Fry in the Green Room and asked him to call his mum to wish her a happy birthday. Mr Fry kindly obliged, telling his mum: “Hello, it’s Stephen Fry here. Happy f**king birthday.” The gesture certainly […]

Henderson faces 43m TLI bill

Henderson could face a bill of at least 43m for compensating clients of Towry Law International allegedly missold failed, high-risk investments. But the 1,000 clients of the now closed firm are hoping for as much as 80m. TLI is believed to be close to reaching an agreement with the Hong Kong regulator over compensating clients […]

Integrity should be integral

As I mentioned in a recent column, I was against residential property for Sipps because sensible asset allocation was likely to be cast aside.

Ailo brochure explains bonds

The Association of International Life Offices is launching a brochure to help UK advisers better understand offshore investment bonds and why they might be suitable for their clients.

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