Latest News - Jack Gilbert
Beaufort Securities: clients to get between 80% to 90% back
Investors in the collapsed wealth firm Beaufort Securities can expect to get 80-90% of their investments back, our sister publication New Model Adviser® has learned.
Politicians call for ‘radical’ overhaul of ISAs
A group of cross-party MPs have called on the government to ‘radically shake-up’ the ISA system, calling for a number of products to be merged into a new ‘Everything ISA’.
Beaufort Securities: battle to recover £700m from collapse begins
The Financial Services Compensation Scheme has said it is working 'as quickly as we can' to understand what this might mean for Beaufort's customers.
Standard Life Aberdeen to 'pitch' for £26bn of Phoenix assets
Standard Life Aberdeen will be given the chance to ‘pitch’ for £26 billion of assets following the mega deal with Phoenix Group, and industry figures believe they are likely to take a greater slice of this mammoth mandate.
Transact valued at £650m as it reveals IPO plan
Wrap platform Transact has set the date for its long-awaited IPO and announced it would be selling shares to the market at 196p per share giving it a market capitalisation of £649.4 million.
Standard Life Aberdeen chair Grimstone to step down
Standard Life Aberdeen chairman Gerry Grimstone has announced he will step down from his position at the company in 2019.
Martin Gilbert hopes to win back £109bn mandate after insurance sale
Standard Life Aberdeen co-chief executive Martin Gilbert has said he is confident the sale of the insurance arm to Phoenix can help it win back the £109 billion mandate from Lloyds.
Troubled wealth firm hit with fresh client complaints
The Financial Ombudsman Service (FOS) has upheld a claim against troubled wealth firm Beaufort Securities, as it continues to look into a ‘steady stream’ of cases against the company.
FSCS admits Arch Cru investor compensation errors
Lifeboat is seeking back overpaid compensation from 900 Arch Cru investors.
Bank bail-out lawyer tipped to be new FCA chairman
Charles Randell, who advised the Treasury in the 2008 financial crisis, is reported to be in the running to take over John Griffith-Jones' post at the regulator.
Can wealth firms learn from Donkey Kong?
Are video games the prefect tool for making the digital content of wealth firms engaging?
Are shareholder meetings a ‘waste of time’?
Grouping up with other investors and lobbying a company's customers could be the way to get your voice heard.
Secret CEO: wealth managers should be 'closet tracker' police
The FCA should work with the wealth advisory community to protect investors from 'closet trackers', says our secret investment boss.