The audit watchdog today issued sanctions over the collapse of London Capital & Finance, a now insolvent fund that took money from nearly 12,000 investors. The executive counsel of the Financial Reporting Council dished out punishments to Oliver Clive and Co and its partner Emma Benjamin, PricewaterhouseCoopers and Jessica Miller, Ernst & Young and its partner Neil Parker.
I’ve always been quite frugal. Born in humble beginnings in a large northern town, I was raised to live within your means and not spend extra on things that can be bought cheaply. This hasn’t really changed since moving to London 12 years ago.
Affordability constraints are a significant challenge, the bank said, as its index showed the average property value rose by 0.1% month-on-month.
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