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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.