Forgotten $1.8m cash fortune ‘worthless’
An unlucky heir who discovered a secure vault containing three billion in Italian lira in Switzerland is facing an uphill battle to buy anything with the fortune after the Bank of Italy refused to exchange the stacks of cash for legal currency.
Harwood Wealth Management continues IFA buying spree
Harwood Wealth Management is showing no let up in its IFA firm buying spree after it struck a £1.56m deal to acquire retirement solutions specialist Plan 65.
Ashburton and Fidelity Int’l team up on multi-asset offering
Ashburton Investments has entered into a strategic partnership with global asset manager Fidelity International to enhance its international multi-asset funds.
UK lifeboat scheme to pay 2,700 Beaufort clients in May
The Financial Services Compensation Scheme is aiming to reimburse circa 2,700 clients of defunct Beaufort Asset Clearing Services next month, provided their investment was worth less than £2,000 ($2,802, €2,280).
Elaborate offshore pension liberation scam lands two in jail
Two fraudsters will both spend years behind bars after conning 16 victims out of their pensions to fund lavish lifestyles that included luxurious overseas holidays and high-end sports cars.