I reached clear questions after reviewing Plum which is a “fintech” business offering both cash and equity investment accounts, included ISA options for both, via its shiney colourful app. To me it appears to me to be aimed at the younger generation. The app offers lots of “lets save together type” options. Its currently top of the MoneySuperMarket cash ISA listings. What’s not to like? Shiney app aimed at the young (is that inexperienced?) and the highest interest rate. Well, I think there is much not to like. Let me explain.
The news broken HERE yesterday that the 79th Group appears to have been a scam might not have been such a surprise if the dubious quality advisers who persuaded their clients to lend them money if the advisers or their investees had done some research. The first major red flag is that 79th Grp isn’t registered with the UK regulator, the FCA. So it was conducting unauthorised investment business. How the feck did the FCA then approve a prospectus allowing to to seize control of First Class Metals (FCM). It gets worse.
A far as I can see the High Court arrest warrant for Julie Meyer is still outstanding but it seems as if the Labour Party as as happy as the Tories were to allow the disgraced "entrepreneur" to keep her MBE. But elsewhere, Ms Lingerie on Expenses, faces another PR disaster and business failure.
I am not sure that I can face actually attending but I have registered as the disgraced fund manager ( Neil, not me silly) hosts another online webinar and promises to answer questions. The one that I have submitted is below. Neil says that The agenda covers three topics to be covered in 30 minutes:
Almost certainly the financial promotion below from IW Capital is a complete breach of FCA Regulations. For starters it is raising money for a company that went bust in 2019.
No not me silly! But disgraced Neil Woodford. I have to say that his take on the UK economy, migration and other matters below is bang on the money! Woodford for PM!
As the former CEO of Tavistock it was big news when John West left in 2014 to set up his own agency Belvedere Communications. But on September 5 the administrators moved into Belvedere. The word on the street is that it had not been paying its taxes and it was HMRC that pulled the plug.
