We have closed this campaign as at 12 May 2022. The campaign achieved one objective of a fine of the auditors KPMG. However, the derisory amount (£3,500 plus costs of £2,743) questions whether the scale of the offence was fully recognised/punished by the regulator, the ICAEW.
At the December 2020 Blancco AGM, the Chairman, Rob Woodward said that:
* The FCA had posed a number of questions to the Company
* The Company had answered those questions
* The Company was never advised that ...
It is always interesting to look backwards as well as forwards as an investor and no better time than at the turn of the year. First of all, I...
Albion want to change the performance fee from the current arrangement (1.9% management fee, plus 8% of returns over a hurdle rate of 5% per annum with a high-water mark) to 20% of returns above a hurdle of RPI +2%p.a., from a new starting point of NAV at 1 April 2019.
ShareSoc recommends shareholders vote against this proposal and other resolutions at the AGM on 21 August. 1.9% plus 20% is egregious, particularly when:
it represents an increase from historically agreed arrangements and
Story about Woodford funds quotes ShareSoc director Cliff Weight saying the FCA needs to protect retail investors.
This is a once-in-a-generation opportunity to regain the rights and protections that you have lost as a result of the nominee account system. I urge you to act now by raising this issue at AGMs and writing to your MP, as suggested below.
Probably the most important ShareSoc campaign is the Shareholder Rights campaign, launched in October 2014 to gain full rights for ALL shareholders.
Individual shareholder rights have been eroded, particularly by the nominee account mechanism and the way that platforms and ...
Probably the most important ShareSoc campaign is the Shareholder Rights campaign, launched in October 2014 to get full rights to ALL shareholders.
Individual shareholder rights have been eroded, particularly by the nominee account process and the way that platforms, registrars and brokers fail to provide a good service to individual investors. Often, individual investors do not get informed when a general meeting is going to happen, and do not receive circulars, voting forms and annual reports. And many platforms make it difficult ...
No, this isn’t anything to do with a beer drinking contest or a wrestling move - it's a half marathon round Hackney. Leon Boros, a former ShareSoc director and occasional contributor to the monthly newsletter, is running his first half marathon and has kindly decided to run it to raise funds for ShareSoc.
Leon, who has just turned 56, has not been running long and the 13 Miles he needs to cover in the Hackney Half Marathon on May 20th represents a ...