UK investment scams up by over a third in five years
But pension fraud reports decreased significantly
Latest news
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HSBC GAM Int’l in Jersey to re-home unknown client assets
HM Receiver General in the Channel Island to look after assets as company’s liquidation is finalised
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Firm linked to London Capital & Finance has collapsed
It raised almost £8m by selling mini-bonds to hundreds of investors
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Isle of Man investment platform receives banking licence
It will offer services to HNWs and corporate clients with at least £500,000 in assets
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Sipp provider told to refund nearly £1m to investors
Clients were left with no money after it made high-risk unregulated investments
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Sipp provider in administration sold to pension firm
All members of staff will be protected as they will move over to acquiring company
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Praemium inflows up over 60%
As funds under administration on the international platform jump by nearly a third
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UK taxman cannot disclose pension recycling data
Breaches are treated on a case-by-case basis but lack of information risks leaving people in the dark
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American HNWs increasingly attracted by tech investments
But they are also worried about cybersecurity and data breaches
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Drop in non-doms hits UK coffers
Taxman sees £2.5bn less in revenue coming in from people residing outside the country
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Collapsed wealth firm charged investors 20% fees
And pushed advisers to promote its portfolios to DB pension transfer and Sipp clients
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South Africa’s Standard Bank sells stake in Argentinian firm
As it focuses on expanding operations in Africa