Companies
Intrinsic ordered to pay compensation over Harlequin Sipp
The UK Financial Ombudsman Service has upheld a complaint against an Intrinsic financial adviser, who helped a client switch his personal pension to a self-invested personal pension (Sipp) to invest in Harlequin, a now-defunct unregulated investment scheme.
Offshore companies own a big chunk of UK real estate
Offshore finance centres are home to thousands of companies that own nearly 100,000 properties in England and Wales, with the British Virgin Islands (BVI) and the crown dependencies leading the pack.
PEOPLE MOVES: FSCS, UBS Group, Julius Baer International
The UK’s lifeboat scheme has named a new chair, UBS Group has appointed a former Morgan Stanley chief executive to head up its Saudi ultra-high net worth business and Julius Baer International has hired five from Barclays Wealth and Investment Management.
Chinese conglomerate moves on Guernsey and London fund houses
A Chinese conglomerate with ambitions in the west has acquired a London-based asset manager and its Guernsey-based subsidiary.
Sipp provider sued by 77 investors
A judge has granted a request from 77 self-invested person pension scheme (Sipps) investors to join forces under a group litigation order and sue Berkeley Burke Sipp Administration for mis-selling.