Uvine directors bid for collapsed company
Two parties have emerged as favourites in the competition to take over collapsed wine fund Uvine – including the company’s three directors.
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Prosecution possible for Uvine directors
There may be criminal prosecutions following the collapse of Uvine in September.
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'Criminal conduct' at Uvine suspected
Investigators into the Uvine collapse suspect criminal conduct, decanter.com has learned.
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Uvine collapses with £2m debt
The wine exchange Uvine is in the hands of administrators with debts believed to be in the region of £2m.
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Mayfair Cellars- Is your wine safe?
Following the collapse of Mayfair Cellars amid claims of fraud, collectors are concerned about how their wine is stored. Jim budd looks into what went wrong at Mayfair and asks whether merchants are doing enough to ensure their customers’ wines are safe��
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Mayfair Cellars: creditors uncertain of fortunes
Customers of the collapsed wine merchant Mayfair Cellars are facing mixed fortunes as further issues come to light.
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Finance director looted Mayfair Cellars [updated 13 July]
The finance director of collapsed Mayfair Cellars systematically looted nearly £1m of customers’ wines, passing the money he made onto his partner, an official report says.
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Top Loire wines go into screwcap
One of the best estates in the Loire has sent shockwaves through the wine establishment by moving its entire production to screwcap.
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Government U turn infuriates pensions industry
See slso The decanter.com guide to wine and Sipps In his pre-budget statement in the House of Commons yesterday the Chancellor Gordon Brown appears to have slammed the door on putting wine into SIPPs (Self Invested Personal Pensions).
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SIPPs FAQs
General questions What exactly is a SIPP? What is A-Day? What is pensions simplification? What will simplification mean for me as an ordinary person? What are some of the main changes? How does it compare to my company pension? I have heard that I can put all sorts of assets, including wine, into a pension in future. Is this true? Do I need to use a financial adviser? How can I find a good adviser? Who sells SIPPs and how much do they cost? Is there a list of SIPP providers? Can I get tax relief on my pension investments? Wine-related questions Is wine free of Capital Gains Tax? What is the benefit of putting wine into a pension fund? What are the drawbacks of putting wine into a pension fund? Can I put wine I already own into a pension? Can I use wine from my pension when it's ready for drinking? Is wine a good investment for a pension fund? Will all SIPPs providers accept wine from A-day? How can I buy wine for a SIPP? Where can I buy wine for a SIPP? If I buy from a merchant not linked to my SIPP provider will there be a charge? How will the wine in my SIPP be valued? I hear that the price of fine wine is currently going through the roof. Is this correct? Which wines should I put into my SIPP? What about en primeur? How will the Inland Revenue define ‘fine wine’? What about investing in a wine fund? So what are the dangers? What should I do before A-Day? Useful websites
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The decanter.com guide to wine and Sipps
by Jim Budd Chancellor of the Exchequer Gordon Brown and his team have taken the pensions industry - and the wine industry - by surprise with a U-turn on pensions and SIPPs. Contrary to all expectations he has announced that wine, and other alternative assets, will NOT get tax relief although it may be possible to put them into pension portfolios. See also Government U-turn infuriates pensions industry 6 December 2005 Click here for FAQs (Frequently Asked Questions) on SIPPs
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South Africa production to overtake Germany, Portugal, Chile
By 2008 South Africa will have overtaken Germany, Portugal and Chile in the rankings of the world’s wine producing countries.
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UK government axes investment fraud company
The UK government’s Department of Trade and Industry (DTI) has closed a fraudulent wine investment company worth £1m.
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Langton's warns against dodgy brokers
Australia’s leading wine auctioneers has issued a warning to its clients against unscrupulous wine investment brokers.
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Decanter clinches guilty verdict for whisky conman [updated 25/05/04]
Whisky investment fraudster Stephen Jupe has been found guilty on three counts of fraudulent trading at Southwark Crown Court at the end of a two-and-half month trial.
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Franco-Chilean Altair to be launched at en primeur
St Emilion grand cru Château Dassault, Chilean wine giant San Pedro and consultant Pascal Chatonnet are set to release their new Chilean wine.
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Regional Profile - Anjou Saumur, Loire
One of the Loire’s most diverse regions, Anjou-Saumur offers wines in a wide range of styles, the greatest being reds from Cabernet Franc and sweet whites from Chenin Blanc. JIM BUDD looks at the best producers and the great vintages
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£1.8m of Bordeaux disappears
£1.8m worth of 2000 Bordeaux has gone missing leaving the director of a UK fine wine broking company with massive debts.
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Côtes de Ventoux: Altered Images
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Bourgueil and Chinon: Deep red
Loire reds have a reputation for being easy-drinking, light wines. Not in the côtes of Chinon and Bourgueil, says JIM BUDD
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The Rhône: The new south
Four recently created appellations in the southern Rhône are coming out with fantastic value, exciting wines – with clearly distinctive styles. JIM BUDD introduces the newcomers
