MPs have asked the City regulator to publish details of its contact with Neil Woodford and raised concerns that the Financial Conduct Authority may have been asleep at the wheel as the fund manager tumbled into crisis. The Treasury select committee wants the Financial Conduct Authority to “set out the detail of its supervisory contact” with the Woodford Equity Income Fund. It also wants to know whether the watchdog plans to launch a formal investigation of the events that led to investors being blocked from cashing out their investments and to explain “how long such a suspension should be”. The MP and committee chair, Nicky Morgan, said in a letter to the FCA chief Andrew Bailey that the suspension of the fund “has raised significant concerns about its impact on investors and the wider regulation and supervision of funds”. Morgan said in a statement: “Questions have been raised about the FCA’s alertness to the problem.” Last … [Read more...] about Regulator asked by MPs to reveal details of contact with Neil Woodford
Churches that dont ask for money
Bolivia's ex-president Evo Morales has said he is ready to return to 'pacify' his country 'if the people ask him' as his replacement hails the end of his 'totalitarian regime'. Speaking at a press conference in Mexico City today he said: 'If the people ask me, we are ready to return to pacify.' He called for a 'national dialogue' to resolve the crisis in the South American country and rejected the legitimacy of interim president Jeanine Anez, who has stepped in to try to fill a power vacuum left by his resignation. But Anez hit back describing his reign as 'totalitarian' and denying there had been a 'coup d'etat'. She called for an election 'as soon as possible' and a peaceful transition of power after Morales was ousted and flew to Mexico where he was granted asylum. He resigned on Sunday under pressure from the military and Anez was installed as caretaker president despite Morales's supporters boycotting a vote to swear her in. Once out … [Read more...] about Bolivia’s ex-leader Evo Morales says he will ‘return to pacify the country if the people ask’ after fleeing to Mexico as country’s interim president hails the end of his ‘totalitarian regime’
A novelist whose death is at the centre of a village murder probe was previously found to have died of 'acute alcohol intoxication', it emerged today. Peter Farquhar, 69, is one of two neighbours in the Buckinghamshire village of Maids Moreton who were allegedly murdered and their savings plundered. Cambridge-educated former public school teacher Mr Farquhar was thought to have died in his sleep in October 2015. His death was recorded as accidental at an inquest and his death certificate states he died as a result of 'alcohol intoxication'. But, after his 83-year-old friend Ann Moore-Martin also died suddenly 18 months later, neighbours told police of their concerns and an investigation was launched. Three men, two of whom are said to have been planning a documentary film about Mr Farquhar in the final months of his life, have been arrested as part of the double murder probe. Peter Farquhar, 69, (pictured) was a retired part-time English lecturer at the University of … [Read more...] about Revealed: ‘Murdered’ novelist was previously found to have died of ‘alcohol intoxication’ as church warden lodger, his brother and a magician friend are arrested over the deaths of two village pensioners
As news broke on 15 April 2019 that the roof of the French cathedral Notre-Dame de Paris was on fire, phones immediately started ringing at the offices of the French Heritage Society, executive director Jennifer Herlein recalls. People, most of them Americans, some in tears, were offering donations to rebuild the beloved gothic monument. “We cannot imagine a world without Paris, and we cannot imagine a Paris without Notre-Dame,” the French Heritage Society had said in its call for funds. It was right. The French Heritage Society has so far received $2.45m in donations, mostly from the US (including $2m from the Estée Lauder estate), and the funds keep coming. Donations also suddenly poured into the American charity Friends of Notre-Dame de Paris, established in 2017 to gather funds for the monument’s restoration. From 800 donors who had donated $2m before the fire, the figures jumped to 10,000, who gave an additional $6m, its president, Michel Picaud, said. For … [Read more...] about Why have Americans given so much money to restore Notre-Dame?
The outpouring of generosity in response to the fire at Notre-Dame cathedral has led to a renewed focus on fundraising for black churches in the United States that were destroyed by an arsonist earlier this year.The influx of sympathy and money for the churches led to the appeal reaching its target of $1.8m in three days.On Monday, as French firefighters tackled the blaze at the 850-year-old building, Louisiana resident Megan Romer tweeted her sadness over the cathedral's destruction. However, she also took the opportunity to divert her followers' attention to three other churches devastated by fire that did not have billionaires queuing up to save them."If you are going to donate money to rebuild a church this week, I implore you to make it the black churches in St. Landry Parish," Ms Romer wrote. She was referring were three historically black churches in Louisiana that were subject to arson attacks in late March and earlier this month. St Mary Baptist Church, the Greater Union … [Read more...] about Notre-Dame fire: Paris blaze inspires help for US black churches