United Kingdom
Property fund slams closure of Serious Fraud Office case
An investigation into allegations of fraud against investment companies operated by Guernsey-based Stirling Mortimer has been closed by the Serious Fraud Office due to insufficient evidence – a decision that has been strongly criticised by the fund house.
Fairstone poised to buy nine IFAs this year
Fairstone is set to acquire IFA firms in Leicester and Stockton-on-Tees and anticipates it will line up seven more acquisitions this year.
UAE advisers made ‘scapegoats’ for offshore providers
A private equity firm says UAE financial advisers are “under fire” and being unfairly blamed for problems that stem from offshore providers offering limited investment products.
IFAs set for loyalty bonus as Saunderson House sale pulled
IFG Group has put up a loyalty bonus valued at £3m to retain adviser talent after it pulled Saunderson House off the market.
AJ Bell warns of pensions overtax pitfall
Ad-hoc pension withdrawals could be overtaxed in the new tax year by thousands of pounds, AJ Bell has warned.