Failed Firms

Glossary

kingleyrose

Home » Archives for kingleyrose » Page 5

Blog Posts

FCA Pursues Siblings in £750K Scam

Peter and Andrew Currie, along with a third former director, George Osborne, were convicted yesterday by Southwark Crown Court for their role in Fairhomes International, an investment firm which dishonestly and recklessly misappropriated investor funds. They had forged documents to secure £4 million of investments in a land deal and transferred investor funds to their own accounts without consent, potentially leaving investors out of pocket to the tune of £19 million. The Financial Conduct Authority shut down the firm in 2017 and the Curries and Osborne have been ordered to pay back investor funds and banned from directing companies for between four and five years. The gravity of their deception and exploitation of trusting investors has been acknowledged by the judge, sending a strong message that such actions will not be tolerated.

Blog Posts

Bitcoin Soars: Global Crypto Regulation Debuts

The International Organization of Securities Commissions (IOSCO) has unveiled an eighteen-point plan, "Crypto Asset Regulation", with the intention of protecting crypto investors and allowing for stable and responsible trading. The plan includes proposals for simplifying the regulatory process, having global standards for monitoring, offering protections for investors, and providing freedom for margin trading. The unified approach has widely been welcomed by the crypto industry and is seen as a step forward to bring greater adoption and stability in the global market, allowing investors to have confidence investing in the unpredictable world of cryptocurrencies.

Blog Posts

Abrdn Unveils AdviserOS: Unified Platform Launch

Abrdn is launching AdviserOS, a comprehensive platform combining their existing services Abrdn Wrap, Elevate and Fundzone into one package. AdviserOS features an extensive range of services and products designed to simplify the process of selecting and owning investments, offering numerous benefits such as portfolio tracking, financial services, access to financial advice, and more. Aiming to create a seamless service between advisers and clients, AdviserOS has been designed with Fee Transparency Initiative (FTI) and an improved client experience in mind. Abrdn's CEO, Stephen Murray, believes the platform has the power to revolutionise the financial services sector. Enable to stay up-to-date and compliant, AdviserOS marks a significant milestone for Abrdn that will lead to a new era of financial services.

Blog Posts

Inheritance Tax Soars: Slash Liability with 3 Genius Strategies

The Inheritance Tax is a booming wealth transfer tax that has seen nominal revenues jump 108% between 2013-2023. It is estimated that only 2% of deaths are liable for IHT, yet the tax stands to contribute an additional 30% between 2020-2067. The high rates combined with rising stock markets and house values have contributed to the tax's upsurge, likely leading to people better understanding how assets are transferred in order to pay the expected tax. The revenues generated are seen as a form of social justice, helping to redistribute wealth from the affluent to the less fortunate. With the IHT set to remain in the self-assessment regime, it is guaranteed to remain a pillar in taxation for years to come.

Blog Posts

Annuities: Growing Star in Retirement Guidance

Retirement planning tool annuities are once again gaining traction with retirees, according to research by Aegon and NextWealth. 24% of advisers are now regularly or frequently recommending them and 50% of advisers are recommending them more than ever before. Low interest rates and market volatility have helped make annuities attractive again, and they offer access to benefits like a guaranteed rate of return, protection from market volatility, flexibility for withdrawals, and more. However, annuities do have drawbacks like surrender charges, limited liquidity, and lack of a one-size-fits-all solution, so it's important to evaluate them in context of other retirement savings plans and consult a qualified financial professional.

From the blog

Our latest posts