Three things your clients may call you about this week …

I thought my cash was safe. I feel betrayed Investors in failed stockbroker Beaufort Securities could lose up to two-fifths of their money, despite being told their funds were kept separate from other parts of the business, this Sunday Times article warns. In common with other investment firms, the piece goes on, Beaufort - which went into administration in March - declared client money was ‘ring-fenced' from its own operations. Following a rule introduced in 2011, in the wake of the collapse of Lehman Brothers, up to 40% of clients money may go towards paying the estimated £55m bill o...