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- FCA Consults on Fund Product Information and Cost Disclosure CP24/30 – ShareSoc Responds
- FRC Consults on UK Stewardship Code – ShareSoc Responds
- FCA Consultation – Modernising Redress
- HMRC Consultation – IHT on Pensions
- ShareSoc Evidence to Lords on FCA Enforcement
- ShareSoc supports FCA proposal for criminal background checks on owners and controllers of financial institutions
- UK ISA: ShareSoc submits consultation response
- FCA Consultation on Enforcement Practice & Transparency
- ShareSoc response to House of Commons Education Select Committee
- UKSA and ShareSoc Submission to Labour Party Review of Financial Services
- FCA Consultation GC23/2 Financial Promotions on Social Media
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RGL Woodford Group Litigation Claim vs Hargreaves could reach £1 billion
The RGL Woodford Group Litigation against Hargreaves Lansdown so far comprises some 7,000 claimants with more being added every day. RGL has informed us that the average claimant had approximately £20,000 invested and that the average claim value (including the opportunity loss) is also in the region of £20,000.
133,000 Hargreaves clients had £1billion+ invested in Woodford Equity Income Fund (WEIF) at the point of suspension on 19th June 2019, so the potential value of the group claim is substantially larger than ...
Post Date: December 13, 2024
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Press Release 131 – ShareSoc Endorses RGL Claim
ShareSoc, the UK’s premier individual investor association, has endorsed the RGL Woodford Group Litigation against Hargreaves Lansdown.
The RGL Woodford Group Litigation alleges that Hargreaves Lansdown continued to recommend investing in the Woodford Equity Income Fund (WEIF) even after they apparently knew of liquidity issues in the fund from November 2017
Over 133,000 potential claimants held WEIF via the Hargreaves Lansdown platform
The RGL Woodford Group now comprises over 5,000 claimants, with a combined claim of approximately £140 million
The RGL ...
Post Date: December 4, 2024
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SIGnet Launches New Farnham Group in Surrey
SIGnet is excited to announce the launch of a new in-person group based in Farnham, Surrey. Investors of all levels of experience are welcome to join.
The Convener of the Group will be David Stredder, who will be known to many of you as the founder of Mello, organiser of in person investment conferences and virtual Mello Mondays. David is also a director at ShareSoc and has been investing in quoted shares since the 1980s, with a focus on UK small caps. ...
Post Date: December 4, 2024
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Woodford Campaign Update 17 – ShareSoc Endorses the RGL Woodford Group Litigation
ShareSoc believes that the potential benefits of the RGL Woodford Group Litigation against Hargreaves Lansdown outweigh the identified risks for the vast majority of claimants, and that it is in the interest of affected investors to participate. On this basis, ShareSoc has chosen to endorse the claim.
The RGL Woodford Group’s legal team has commenced proceedings against Hargreaves Lansdown, alleging that HL continued to recommend the Woodford Equity Income Fund (WEIF) despite apparently being aware of its liquidity issues from November 2017. ...
Post Date: December 4, 2024
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Hartley – the story so far
ShareSoc director Mark Bentley has been working hard behind the scenes to support Hartley pension clients.
In July 2022, Hartley entered administration. In February 2023, as part of our ongoing work to represent individual shareholder rights, ShareSoc director Mark Bentley joined an informal client committee to help represent the interests of Hartley clients.
Despite significant obstacles, we assisted in obtaining the agreement of the FSCS in early 2024 to cover the costs of the administration process. This was a huge win.
ShareSoc also formed ...
Post Date: November 22, 2024
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Digital 9 Infrastructure – Catastrophic Performance Harms Shareholders
ShareSoc has considered the DGI9 case carefully and has approached the FCA.
ShareSoc member Paul de Gruchy has written previously about disturbing revelations at DGI9. Further research by Paul has revealed apparent failures by TriplePoint, the fund’s former Alternative Investment Fund Manager (AIFM) to comply with the investment policies set out in the fund’s prospectus, contributing to a collapse in DGI9’s NAV and in its share price.
The case has been considered by ShareSoc’s policy committee which decided to approach the FCA with ...
Post Date: November 20, 2024
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ShareSoc Evidence to Lords on FCA Enforcement
ShareSoc has submitted an evidence statement to the House of Lords Financial Services Regulation Committee regarding their consultation on the Financial Conduct Authority’s enforcement guidance proposals.
We reported here that we support the FCA’s proposals to improve the transparency of their enforcement actions.
The need for change was further underlined at a meeting between ShareSoc and the FCA on 14th November, at which we expressed concerns about a specific case.
Under the current regime, the FCA will not disclose whether it is taking, or ...
Post Date: November 20, 2024
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NatWest Group plc Shareholder Event 28 Nov 2024
Shareholder Engagement – NatWest is becoming a role model for other listed companies to follow
NatWest has announced a Virtual Shareholder Event at 6:00pm on Thursday 28 November 2024 for individual investors.
The event offers an opportunity for you to join Chair, Rick Haythornthwaite, and CEO, Paul Thwaite, and ask them questions.
NatWest (formerly RBS) now delivers a series of events for individual shareholders. The AGM is typically in late April/early May, preceded by a virtual shareholder event, giving investors the opportunity to ask questions ...
Post Date: November 20, 2024
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SIGnet Investors Network Launches New ‘One Planet’ Investing Group
SIGnet is excited to announce the launch of a new in-person group for those interested in the opportunities created by sustainable investing.
An online meeting has been arranged to launch the group and this will take place at 6.30 pm on Monday 2nd December. The Group will meet face-to-face in Central London every two months.
The SIGnet One Planet Group will focus on a universe of companies that are expected to prosper as the world transitions to a one planet economy. The ...
Post Date: November 6, 2024
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Welcome Enhancement to AJ Bell Voting Service
ShareSoc Congratulates AJ Bell on Improving Enfranchisement of Investors
We are delighted to see that AJ Bell have introduced an electronic voting service similar to that already offered by interactive investor. AJ Bell clients now receive emails advising them of general meetings at companies they hold. However, some clarification of how to vote electronically is required.
The voting option is available from AJ Bell’s portfolio view, which clients can navigate to, as illustrated in Figure 1 below:
Figure 1
Having navigated to portfolio view, clients ...
Post Date: November 1, 2024
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ShareSoc AGM Recommendations
ShareSoc has updated its recommendations to companies and guidance for attendees of company general meetings. This is to take account of recent developments in digital and hybrid AGMs. Our recommendations are designed to facilitate good stewardship of companies by individual shareholders.
These recommendations can be found in the ShareSoc Investor Academy, included in the information for investors who wish to learn more about general meetings and the role they can play.
Post Date: October 30, 2024
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895 attend AIC conference aimed at retail investors
ShareSoc members interested in investing in Investment Trusts should read on.
The Association of Investment Companies (AIC) held its annual Investment Company Showcase on Friday 11 October. Now in its third year, the free event, aimed at private investors, attracted 895 attendees.
Online and in person attendees heard from more than 30 leading investment trust managers, covering topics ranging from UK equities to emerging markets, and high income to cutting-edge technology. In addition to the speaker sessions, in person attendees had the opportunity to meet and speak ...
Post Date: October 24, 2024
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