United Kingdom
L&C to fund new acquisition with management buyout
Qrops provider London & Colonial (L&C) is planning a management buyout of its business in order to help fund new acquisitions, the company has confirmed.
Fixed Income | 20 Jun 16
To sell or not to sell: EEA investors facing ‘dismal’ options
Investors in beleaguered Guernsey-based EEA Life Settlements Fund are stuck between the devil and the deep blue sea as they decide whether to sell their shares at a heavily discounted price or face another 10 years in the failed fund.
Investment | 20 Jun 16
Arck advisers ordered to pay just £562k following £50m fraud
Two UK financial advisers, who gave clients bad advice to invest in fraudulent property investment scheme Arck LLP, have been ordered to pay £562,766 ($807,721, €716,087) for their part in the £50m scam.
Best Practice | 20 Jun 16
What will a ‘Brexit’ mean for my pension?
With the referendum on whether or not the UK will leave the European Union only days away, Aegon has addressed some of the concerns about how a vote to leave could impact pensions.
Unregulated New Earth funds facing liquidation
Joint liquidators have been appointed to the New Earth Group of Funds following an application by the Isle of Man Financial Services Authority (IOMFSA). The application was made with the knowledge and consent of the funds’ directors.