A 'rogue' adviser, pension transfer advisers and WASPI - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend...
St James's Place to refund customer over rogue adviser St James's Place (SJP) has had to refund a customer more than £75,000 after one of its advisers "went rogue" and persuaded clients to invest money into a friend's company that subsequently went bust, The Sunday Times reports. Cox, who worked at SJP for around a decade until last May, encouraged about 17 of his SJP clients to invest a total of £1.35 million in Green World Innovations - a company owned by Cox's friend that has since gone bankrupt. The victims, some in their eighties, who have lost six-figure sums claim they only...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
