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Commercial First chief’s horse wins Grand National

Commercial First chief executive David Johnson was in the winner’s circle this weekend following a win at the Grand National.

Johnson’s nine-year old chestnut gelding Comply or Die, won the £800,000 purse with Johnson reportedly taking home £344,320.

In a press conference after the race, Johnson says: “Timmy gave him a great ride and the Pond House team have been brilliant. I didn’t win it with Martin but the yard is very much a family yard and David is proving a great trainer in his own right.”

Meanwhile another financial adviser won even more at the races on Saturday without even attending.

David Smith, a Kent-based financial adviser, bet £32 using BetFair’s online Tote system won over £510,000 on the races.

In a newspaper interview Smith says: “It’s got to be the best £32 I’ve ever spent. I was jumping for joy. It’s unbelievable. I went out that night with a pal to celebrate.

“Not having to pay tax on it is another massive bonus. My biggest winner before this was £5,000.”


IFA lashes out at “immoral” sub-prime market

An IFA has attacked lenders in the sub-prime market and says those that earn higher fees from those in bad debts could be seen as immoral.Harry Katz, principal at Norwest Consultants, says: “Bad debts are usually a cause for deep shame – and rightly so. Today our government actually encourages bad debts and bankruptcy by […]

Co-op profits fell by £26m last year

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Former Optoma chief in partnership talks

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64% Of brokers have reviewed their PI deals

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Survey looks at the challenges facing businesses post auto-enrolment

A survey conducted by Johnson Fleming at the Pension & Benefits Show 2014 highlighted the key challenges faced within organisations post auto-enrolment. The results showed that communicating the changes and the value of them to staff, and receiving timely data from the payroll provider proved to still be the most challenging aspects of managing an auto-enrolment scheme.


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