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Durham University Business School comments on Wonga’s write-off

Dr Emmanuel Adegbite, Durham University Business School, comments on Wonga’s latest move to begin writing off £220 million of 330,000 customers’ debts:   “While companies like Wonga may appear to provide a useful service to people caught up in serious financial difficulty, the help they provide must be ethical and responsible. This must be underpinned by […]

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SJP

St. James’s Place Fund Manager Changes

St. James’s Place, the wealth management group, announces changes to its range of fund managers and mandates effective from 10 November 2014. The changes are as follows: Multi Asset fund: The Multi Asset fund has been restructured to blend three new investment managers. Teams from Invesco Perpetual, Schroders and US-based Payden & Rygel will now […]

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Thomas Miller Investment acquires the wealth management business of Broadstone

Thomas Miller Investment, a member of the 128 year old Thomas Miller Group of companies, announces the acquisition of Broadstone’s wealth management business, for an undisclosed consideration. Broadstone provides wealth management services to private clients, pension funds, charities and companies. Broadstone manages and advises on approximately £400 million of assets*, and has offices in Glasgow, […]

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DBS website

Tesco’s Profits – Ethics and Accounting Expert at Durham University Business School comments

Dr Emmanuel Adegbite, Durham University Business School, comments on the news that Tesco has overstated its profits by £250m: “The case of Tesco overstating its profit by £250m is staggering. If the suspended directors are found culpable, this will add to the long list of high-profile and often inconceivable corporate scandals which have befallen listed […]

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CJEU ruling to cause VAT headaches for FS firms

Moore Stephens has issued an urgent advisory to its clients following a surprising VAT ruling by the Court of Justice of the European Union (CJEU). Any financial services businesses with a VAT group registration should urgently review their position following the ruling on Skatteverket v Skandia America Corp (USA) (Skandia), published on 17 September 2014 […]

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Sackers comments on pensions implications of Scotland ‘No’ vote

Ian Pittaway, Sackers’ senior partner, comments on the implications for pensions of Scotland voting ‘No’ to independence:  “After weeks of speculation on the vote, many people in the pensions industry will be crossing off one thing on their extensive to-do lists this morning. A no vote means that UK pension schemes won’t have to grapple […]

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