United Kingdom
Tax & Regulation | 16 Jun 17
IoM’s New Earth boss slams regulator probe a ‘witch hunt’
John Bourbon, the former director of Isle of Man-based Premier Group, the company behind the ill-fated £300m New Earth Group of funds, has described the regulator’s decision to investigate allegations of mis-selling against the fund manager “something of a witch hunt”.
Guernsey regulator fines and bans directors for incompetence
Two current and one former director of Guernsey-based Capital Solutions Limited have been fined and banned by the island’s regulator for serious lack of competence and judgment.
Retirement | 15 Jun 17
Ex-footballer Shearer settles negligent financial advice case
Alan Shearer has agreed a settlement deal after launching a £9m ($11.5m, €10.2m) court bid against his former financial adviser for giving the ex-Newcastle United and England striker negligent financial advice.
United Kingdom | 15 Jun 17
Former Lumiere boss Chris Byrne faces further fraud charges
The founder and managing director of defunct Jersey-based IFA firm Lumiere Wealth, Christopher Byrne, is facing further charges related to his role in selling investments in the now-collapsed Providence Funds.
Coram AM buys DFM ahead of managed portfolio service launch
Coram Asset Management has acquired Bath-based Minerva Fund Managers ahead of the launch of seven model portfolios.