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Weekly Updates

John Lappin

Our Industry Commentator with his top news links each week.

Fake FCA register shows scale of scammer threat

The FCA tweets that it has become aware of a fake FCA register and is working to take it down, as Money Marketing reports.

It shows how brazen scammers have become but also just how difficult it is to police the internet given that the regulator could not get the website taken down instantly.

A pension investor is facing a £1.5m tax bill after a first-tier tribunal found he had unreasonably delayed applying for enhanced protection on his pension. The investor had claimed that his adviser was responsible for applying for protection and had failed to do so.

Nick Train and Michael Lindsell share £31m in dividends.

LV’s pension business may be up for sale.

Aberfeldy's Macintyre Wealth Management director and Chartered financial planner Andrew Macintyre is donating to support food deliveries to the elderly among other good news offered by Professional Adviser.

The Carey Pensions situation gets more complex. The FOS finds in favour of an investor in the same scheme where the High Court found against, although the FOS judgement came one month earlier.

The ONS figures show that GDP fell by 10.4% in the three months to April and by 20.4% in April itself.

The Financial Time reports the OECD view that the UK will be among the worst hit, if not the worst hit of the advanced economies from the virus and lockdown. It says GDP could fall 11.5 per cent in 2020 or 14 per cent with a second wave.

HSBC is to start offering mortgages on properties that required physical valuations.

Fund managers are returning to their offices across Europe and London from today as the FT reports.

Six out of ten employees want to continue working from home according to job recruitment firm Adzooma, as Corporate Adviser reports.

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