Strand Capital Insurance May Pay Claims Over Company’s Collapse

Investment portfolio managers Strand Capital have been in Special Administration for some time now, and now the administrators have put Strand’s professional indemnity insurer ‘on notice’ to pay claims. Welcome News For Strand Investors The news could be just what some Strand clients are hoping to hear, as more details about the collapse become apparent,…

Details

Claims against Guinness Mahon SIPPs may be on the horizon over pension mis-selling

Several law suits are staring down SIPP provider Guinness Mahon regarding its relationship with marketing firms who directed people towards Guinness Mahon SIPPs filled with high-risk investments. While many claims against financial advisers who recommended Guinness Mahon SIPPs have already paid out due to negligent financial advice, claims against SIPP providers are quite rare as…

Details

Beaufort Securities clients’ losses may exceed compensation limits

Some clients of Beaufort Securities have received news of a potential shortfall between their losses through the firm, and what the FSCS can pay out. PwC had already written to around 14,000 clients of insolvent Beaufort Securities and Beaufort Asset Clearing to say they had got their hands on about £50million in ‘segregated client money…

Details

Strand Capital Saga: Possible Court Action Over “Missing £500k” Bond

The Special Administrators for Strand Capital (now in special administration) could soon be heading the courtroom over “missing” £550,000 bond coupons. Problems at Strand Capital Strand Capital entered insolvency proceedings back in 2017, with 3000 clients and supposedly over £100,000,000 assets under management. According to New Model Adviser, the Administrators have faced obstacles with their…

Details

Global Forestry Investments : No sign of Belem Sky returns

2 GFI directors disqualified for 10 years No evidence of returns for investors Directors paid themselves £13million Investors in Global Forestry Investments – the Brazilian teak investment that took around £24 million for the “Belem Sky” and “Para Sky” plantations might like to know what’s happened to their returns. While the money ended up often…

Details