Answers
One has read that Prince Charles is doing very intelligent things with the Duchy Cornwall properties, and making it profitable. If he WASN'T and it was in financial shambles, does he have to answer to government financial advisors? WHO?
The Crown Estate is managed by an independent body responsible for making as large a profit as possible from the land, this body is then accountable to Parliament for which it makes an annual report, but there is a massive difference between the Duchy and the Crown Estate, therefore I doubt they would be an appropriate recourse for the Prince of Wales to seek help from.
First, the Duchy, unlike the Crown Estate is a private estate, managed by the Prince of Wales that he is able to take the revenue from for his own use, whereas the Crown Estate is voluntarily given over to the government to run and profit from by each consecutive monarch.
It would be as inappropriate for the government to 'force' you or I to answer to them for our potential financial mistakes as it would be for the Prince. Regardless of how horrible one manages the Duchy it can not be sold; it must be given intact to the next heir, therefore a poorly managed Duchy, while financially devastating for the Prince can only improve.
I would hope, however, that if this situation arose that in order to keep the Duchy operating at a good turn at least for the benefit of the next heir that the Prince would be given 'help' by financial advisers from the government, but it may be in his best interest to run the Duchy a little less well because many British people can't stand seeing him making a profit, if he made less off of it then the Duchy wouldn't look to be such a tempting steal to the politicians and the public wouldn't be so envious.
monarch. The clips concern Henry's war with France, the Cornish Rebellion of 1497; Perkin Warbeck; Henry's financial measures and his ...
IFA named to College board
One of the country’s most influential financial advice experts will be using his knowledge to support further and higher education in Cornwall.
Peter McGahan, managing director of Worldwide Financial Planning , has been named as board member and governor for Cornwall College.
McGahan, who runs the award-winning firm of independent financial advisers from its Truro and Wadebridge offices, will work alongside fellow board members and governors to help with the College’s ongoing developments.
Dave Linnell OBE, Principal of Cornwall College , said: “It is important for us to use the knowledge and expertise in Cornwall to support the College.
“Peter has excellent financial awareness, whilst his contacts and networks within the business community will also be a great asset for us.”
Worldwide Finanical Planning MD named to Cornwall College board ...
One of the country’s most influential financial advice experts will be using his knowledge to support further and higher education in Cornwall.
Peter McGahan, managing director of Worldwide Financial Planning , has been named as board member and governor for Cornwall College.
McGahan, who runs the award-winning firm of independent financial advisers from its Truro and Wadebridge offices, will work alongside fellow board members and governors to help with the College’s ongoing developments.
Dave Linnell OBE, Principal of Cornwall College , said: “It is important for us to use the knowledge and expertise in Cornwall to support the College.
“Peter has excellent financial awareness, whilst his contacts and networks within the business community will also be a great asset for us.”
...News
IFA named to College boardBusiness Cornwall Magazine - Feb 24, 2010
McGahan, who runs the award-winning firm of independent financial advisers from its Truro and Wadebridge offices, will work alongside fellow board members Financial expert joins college boardall 4 news articles »IPE.com - Feb 23, 2010
In contrast, 56% of medium-sized employers – with 50-499 employers – intend to consult a financial adviser, along with 54% of large firms.
Daily Mail - Feb 20, 2010
'Sell a stake' option when banks say no to have a similar level of involvement.' Firms looking for private equity funding can contact private equity firms direct or through a financial adviser.and more »
Telegraph.co.uk - Feb 25, 2010
Here in Cornwall though our failing Council is doing just that. Its Officers have the gall to suggest that wind turbines - which are damaging to tourism, and more »
Independent - Feb 19, 2010
Councils from Cornwall to Aberdeen are planning deep savings as they struggle to cope with a growing crisis in local government spending. and more »FT Adviser - Feb 03, 2010
Not only are we staffed exclusively by ex financial advisers and managers but as appointed representatives of Verridian Plc we are preferred recruiters for and more »NCD News - Feb 10, 2010
"Dog eat Dog" doesn't even begin to describe Britain's reaction to recessionIt has been reported in the Daily Mail that Aviva is allowing financial advisers to take 10% of a savers money when they buy one of their investments.