Tag Archives: Guernsey
Utmost fined nearly £2m for its sins of the last 10 years.
Angie Brooks is right to point out that governance matters and it matters for Utmost whether it happens to its UK bulk purchase business or its offshore investment bonds. Utmost was the Equitable and is now owned by US … Continue reading
Guernsey gets the “YIP” – an auto-enrolled workplace pension.
I used to work on Guernsey and recently became a Director of a Guernsey company backing UK pension schemes. I remain a great affection for it and the other channel islands. While I worked on the island, I became aware … Continue reading
Manita Khuller wins in Guernsey; justice is done but questions remain.
Manita Khuller won her appeal against Guernsey-based trustee FNB International. In November of last year I published details of the scam she suffered and her court claim for restitution (which she lost). Shortly after I published an open letter from barrister Niall Coburn … Continue reading
Posted in pensions
Tagged FNB, FNB international, Guernsey, IOM, Manita Khuller, Quilter, Roger Berry, Royal Court of Guernsey, Royal Skandia
8 Comments
“There is no justice in Guernsey, but men protecting secrets”.
Email from Niall Coburn to Guernsey Bailiff, in response to the Manita Khuller judgment: Dear Bailiff Collas, I write to you as former Head of Enforcement and regulator and lawyer who has worked internationally and attended the Trial of Manita … Continue reading
Posted in advice gap, age wage, pensions
Tagged Guernsey, Manita Khuller, Pensions, Royal Court of Guernsey, scams
6 Comments
On our front door – the trial of Manita Khuller.
Manita Khuller represented herself in court yesterday taking on on FNB International, which she claims is responsible for the loss of a £170,000 pension pot. She is up against lawyers Carey Olsen , originators of the Carey SIPP who are … Continue reading
Posted in advice gap, age wage, pensions
Tagged First Rand, FNB, GFSC, Guernsey, Old Mutual International, OMI, PPI, Professional Portfolio International, scams
5 Comments
Anatomy of a scam; lessons from Providence and Lumiere
If there’s anything good that can come out of the Providence Group’s global network of deceit, it is that it is exposed and offers us its full anatomy. Yesterday I tried to lay out the anatomy at length – I … Continue reading
Posted in pensions
Tagged Fraud, Guernsey, Jersey, Lumiere, Lumiere funds, Lumiere wealth, Providence, RBS, RBS International
5 Comments
Beware the Channel Isles my son.
In the UK we fight financial fraud through the FCA,tPR and a variety of enforcement agencies which together are “action fraud”. Our Regulators are accountable for ensuring that organisations that they regulate behave properly and that investments that they offer … Continue reading
Posted in FSA, pensions
Tagged Funds, GFSC, Guernsey, Jersey, JFSC, Lumiere, Lumiere Fund Services, Providence Financial
23 Comments