The Week in Numbers – 19th October

The Week in Numbers – 19th October

-0.1% – UK Consumer Price Index inflation rate in September, the second time that measure has dropped into negative territory this year

£9.1m – Amount stolen from savers through pension scams between April and August this year, according to figures from the City of London police

£150m – Funds under management added by Bellpenny following its latest double advice acquisition

£6.2m – Price paid by Succession for advice firm Edinburgh Investment Consultants, marking its largest deal of 2015

£5.5m – Loss recorded by SimplyBiz in 2014, driven by writedowns on loads to Sandringham Financial Partners and a partial impairment of its investment in Staffcare

£884m – Fall in the value of investments managed by Jupiter Asset Management, according to its third-quarter results

0.07% – The new price of HSBC Asset Management FTSE All-Share index fund, down from 0.17% previously

10 Years, 10 Months – Prison sentence handed to former Arck partner Richard Clay for his role in the £50m fraud


“It doesn’t look great for fund groups to be ganging up in favour of opacity” – Lucian Camp Consulting founder Lucian Camp on the crisis at the Investment Association that ultimately led to Daniel Godfrey’s resignation


Originally published in Money Marketing Magazine on 15th October 2015

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