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Pensioner tells court Lumiere adviser misled her into investing £100,000

By: Pedro Goncalves | 21 Aug 2018

A pensioner in her 80s has told the court in Jersey how she found out something was wrong with the £100,000 she had trusted Lumiere Wealth with…

Aberdeen Standard launch SICAV fund managed by artificial intelligence

By: Gary Robinson | 21 Aug 2018

Aberdeen Standard Investments has launched the Aberdeen Global Artificial Intelligence Global Equity Sicav, a global equity AI fund that uses machine learning to identify sources of potential…

Guernsey finance sector has 1,000 vacancies to fill

By: Pedro Goncalves | 21 Aug 2018

There are about 1,000 vacancies in the finance sector in Guernsey, with demand for staff picking up strongly compared with last year, according to a recruitment specialist.…

FCA gives firms flexibility over cross-border business post-Brexit

By: Pedro Goncalves | 21 Aug 2018

The UK’s financial watchdog has promised firms seeking to operate cross-border after Brexit will be granted flexibility to choose their own business model. The FCA issued its…

Old Mutual Wealth calls for IHT residence nil-rate band scrap

By: Pedro Goncalves | 21 Aug 2018

Old Mutual Wealth has set out proposed changes to the inheritance tax nil-rate band and residence nil-rate band (RNRB)laid out in an open letter to Chancellor Philip…

Controversial Russian company mulls moving from Jersey

By: Pedro Goncalves | 20 Aug 2018

Rusal, a US sanctions-hit aluminium company owned by a controversial Russian billionaire accused of extortion and implicated in a murder is considering a change of domicile from…

Bain Capital to acquire UK’s Esure for £1.2bn

By: Christopher Copper-Ind | 20 Aug 2018

Bain Capital, the private equity firm, is to acquire UK-based insurance firm Esure in a transaction worth £1.2bn, it was announced at the end of last week.…

II21: IHT Special Report

By: Gary Robinson | 17 Aug 2018

International Investment’s latest ezine, a special report devoted to the issues surrounding IHT, is out today. Click here or on the image below to read the UK version of…

Aegon sells businesses in Czech Republic and Slovakia for €155m

By: Pedro Goncalves | 17 Aug 2018

Aegon has agreed to sell its businesses in Czech Republic and Slovakia for €155m to NN Group. The transaction is consistent with Aegon’s strategic objective to optimize…

Woman claims Lumiere adviser misled her into signing £1m loan to him

By: Pedro Goncalves | 16 Aug 2018

A partially blind 79-year-old has told a Jersey court “trusted” financial adviser tricked her into signing a blank piece of paper which gave him a personal loan…

£685,000 record payout to Creechurch whistleblower

By: Pedro Goncalves | 16 Aug 2018

A portfolio manager who was unfairly dismissed by Isle of Man-based wealth firm Creechurch Capital, which allegedly falsified records in its dealings with two clients, has been…

DeVere UK reports £1.2m loss amid ‘significant’ FCA investigation costs

By: Pedro Goncalves | 16 Aug 2018

DeVere UK has recorded a loss of over £1.2m for 2017 after incurring “significant costs” relating to an ongoing FCA investigation into its pension transfer practices. Financial…

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