UPDATE for shareholders from Dennis Grainger on the Northern Rock Small Shareholder Compensation Fight
Following the very disappointing rejection of our claim by PM Mrs May and the Treasury over a year ago we have had a busy time watching events and extending our research, culminating in our letter to the Prime Minister and copied to the Chancellor on 28th February 2020.
Holly Mackay, owner and inspiration of the advice website Boring Money, has taken the trouble to research the charges of 10 platforms and wealth managers on a notional investment of £1 million over 25 years. The shocking results have been taken up by FT Money to support a campaign for greater transparency of fees and charges.
As members who bought shares in Sirius Minerals will know, in early January the Company received a takeover offer of 5.5p a share from Anglo American, valuing Sirius at almost £386m. However, many Sirius investors who originally paid more than 20p for their shares feel the offer is too low.
After extensive work, UKSA director Sue Milton has drawn up and filed a detailed response to the Call for Evidence for the Cyber Security Incentives and Regulation Review 2020 being conducted by the Department for Digital, Culture, Media and Sport.
This was an excellent event, well organised by the FRC with about 80 attendees from ShareSoc and the UK Shareholders' Association.
Peter Parry and Cliff Weight have written a joint response on behalf of the UK Shareholders’ Association (UKSA) and the UK Individual Shareholders’ Society (ShareSoc). This has been submitted to the CMA. We made these key points: