HomenewsMis-sold Investment

  • FCA Report on UCIS

    • May 17, 2016
    • Posted by: cooperstern
    • Category: Investment Claims
    No Comments

    The FCA (Financial Conduct Authority) has published a report containing its conclusions regarding a thematic review announced in its 2015/16 business plan. The review focused on asset manager’s activity and investor expectations. The report looks at the management of unregulated collective investment schemes (UCIS). A UCIS is a fund which several investors contribute towards. A

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  • Six Insurance Firms to be Investigated by FCA

    • March 8, 2016
    • Posted by: cooperstern
    • Category: Uncategorised
    No Comments

    08 March 2016 The Financial Conduct Authority (FCA) are set to investigate the behaviours of 6 insurance firms following an industry wide review in to the treatment of 11 different life insurance firms’ customers. The FCA say some firms engaged in “poor” practices amid concerns that life insurance customers were not aware of certain charges.

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  • Football Stars to Face Bankruptcy over Mis-sold Investments

    • November 13, 2015
    • Posted by: cooperstern
    • Category: Investment Claims, Other
    No Comments

    13 Nov 2015 According to the Sunday Times, a consortium of footballers, including the likes of Rio Ferdinand, Robbie Savage, Andy Cole, Danny Murphy and Martin Keown, all face possible bankruptcy after investing in failed film schemes and property ventures. Up to £100m has potentially been lost. Up to 100 footballers invested in loss making

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  • Millions of Council Pensions at Risk

    • October 14, 2015
    • Posted by: cooperstern
    • Category: Investment Claims, Other
    No Comments

    14 Oct 2015 Millions of Council pension funds that have been invested in to ‘high-risk’ fossil fuels are at risk of losing value. £14 billion has been invested in to the fossil fuel sector despite the fact that as the world contends with climate change, these assets will depreciate. With oil prices spiralling, and many

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  • UK Banks Face up to £5bn in Fines Over Forex Rate Manipulation

    • August 26, 2015
    • Posted by: cooperstern
    • Category: Investment Claims, Other
    No Comments

    26 Aug 2015 British Banks will face a barrage of claims in the coming months for allegations relating to the manipulation of the foreign exchange (forex) rate, it is believed. US lawyers very recently won over $2.1 billion in settlements against 9 of the world’s largest Banks for the manipulation of the US forex market,

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  • FOS Demand Sesame Pay Up £20,000 on Annuity Mis-selling Case

    • August 19, 2015
    • Posted by: cooperstern
    • Category: Annuity Claims
    No Comments

    19 Aug 2015 The Financial Ombudsman Service (FOS) have demanded that financial services network Sesame pay over £20,000 for annuity mis-selling. Sesame sold their client a lifetime annuity just days before he was due to have a major operation, the annuity was purchased from an existing pension plan that the client held. Sesame’s client passed

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  • FCA issues ‘Death Bond’ ban

    • June 16, 2015
    • Posted by: cooperstern
    • Category: Uncategorised
    No Comments

    16 June 2015 The Financial Conduct Authority (FCA) announced last week that it would be implementing new rules to clamp down on risky investments in the wake of recent mis-sold investments. In recent weeks the UK was hit by another mis-selling scandal in relation to “death bonds” which have affected thousands of UK residents. The

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  • FCA hands record fine over sale of ‘Death Bonds’

    • May 28, 2015
    • Posted by: cooperstern
    • Category: Investment Claims
    No Comments

    28 May 2015 The Financial Conduct Authority (FCA) have hit boss of firm ‘Keydata’ with a staggering £75 million fine – this is the biggest fine the FCA have ever handed an individual. Mr Stewart Ford, along with 2 of his colleagues have been fined for their roles in the mis-selling of ‘Death Bonds’. In

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  • Fraudsters jailed after £5.5m investment scam foiled

    • May 8, 2015
    • Posted by: cooperstern
    • Category: Uncategorised
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    08 May 2015 Alex Hope and Raj von Badlo have been sentenced to seven years and two years in jail respectively after an investment scam set up by themselves was foiled. The £5.5m investment scam lured over 100 people in to its traps after promising to make investors millionaires by pumping their cash in to

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  • RBS sets aside £190m for investment advice redress

    • May 1, 2015
    • Posted by: cooperstern
    • Category: Uncategorised
    No Comments

    1 May 2015 The Royal Bank of Scotland has this week revealed it has set aside £190m to cover claims relating to investment advice. Majority state owned RBS, in their latest results, divulge losses for the first three months of the year. They have made losses of £446m in the first quarter, which compares with

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