Feb 22

Former Credit Suisse Employee Banned from Financial Services

A former Credit Suisse AG relationship manager in Hong Kong has been banned from re-entering the finance industry after being handed a seven year prison sentence at the end of last year. Lum Yin Ling was sentenced by the Court of First Instance in October after being found guilty of fraud. The court found, between […]

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Feb 22

Court rules

Court rules The UK Financial Conduct Authority (FCA) has won its battle against two unauthorised investment schemes after the High Court ruled they were to be classed as collectives and therefore must be regulated. The FCA asked the courts in June last year to find that two alternative investment schemes promoted by Capital Alternatives – […]

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Feb 21

Wills not Signed correctly!

In 1999 Mr and Mrs Rawlings made “mirror” Wills. Each left all their assets to the survivor. On the death of the survivor, Terry Marley, whom they treated as an adopted son, inherited everything. The Rawlings “biological” sons, Terry and Michael, did not benefit. Mrs Rawlings died in 2003. On Mr Rawlings’ death in 2006, […]

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Feb 21

Trust wasn’t as Flexible as it should have been

In late 2005 Mr and Mrs Lawie, then aged 81 and 76 respectively, decided to make arrangements to benefit their family. Together with their daughter and son-in-law, they saw a financial planner. After discussions with him they decided that they wanted part of their savings (£100,000) to be held in a life assurance bond, which […]

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