The Financial Ombudsman Service has upheld three complaints relating to Harlequin investments against adviser Allan McRoberts despite him blaming an unregulated agent for lost funds. The clients were referred to McRoberts, who was trading as AM Wealth Management, by an unregulated agent for Harlequin. The Harlequin group of companies marketed and built overseas luxury property […]
Hundreds of thousands of workers are missing out on pension contributions because they have more than one job. Auto-enrolment rules mean contributions are calculated on a band of earnings between £5,824 and £43,000. This test is applied for each individual job, so people with multiple employers miss out on the first £5,824 each time. Provider […]
Conservative leader frontrunner Theresa May has pledged to place tighter controls on executive pay, to ensure the country works not just for “the privileged few”. May, who is currently leading the race to become next prime minister, will say today that she will ensure greater employee representation on boards as part of her plans, reports the […]
Over the last seven years you have probably read countless articles and had endless discussions about when the Federal Reserve (Fed) is next going to hike. The chart below shows the Fed Funds rate implied by the market at the beginning of each year since 2010. The Fed did finally edge rates higher in December […]
In recent years, a popular narrative about the global economy has been that it is ‘stuck in a low gear’, with central banks unable to tighten policy. As recently as a year ago, there was much talk about the pros and cons of negative interest rates. This year, however, instead of a barrage of media […]
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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]