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- Sovereign Group linked to blacklisted Beazley QROPS
Added 10 September 2010Multi-national trust firm Sovereign has been linked to Beazley, the blacklisted QROPS scheme - European investors flock to bonds as equity sales slump
Added 10 September 2010Sales of fixed income funds across Europe more than doubled to reach €15.2bn in July - Jupiter grows European sales team
Added 10 September 2010Fund manager Jupiter has expanded its continental European sales team - Syz & Co launches Latin American Sicav
Added 10 September 2010Syz & Co has launched the Oyster LatAm Opportunities fund - Switzerland tops global competitiveness poll
Added 10 September 2010Switzerland is the world’s most economically competitive nation, according a new survey - Gam launches absolute return credit fund
Added 09 September 2010GAM has launched a Ucits III absolute return credit fund using a quants system - Invesco creates Lux Sicav for acquired Morgan Stanley funds
Added 09 September 2010Invesco has created a new Luxembourg Sicav to house newly acquired funds from Morgan Stanley - Hong Kong regulator sees enforcement cases double
Added 09 September 2010Hong Kong regulator the SFC has seen a doubling in its enforcement workload since 2007 - FEIFA in equity deal with fund manager Distinction
Added 08 September 2010Feifa members are to receive an equity stake in fund manager Distinction Asset Management - Julius Baer commits to Asia as 'second home market'
Added 09 September 2010Julius Baer is developing a “second home market” in Asia - De Vere Group was promoter of blacklisted Beazley QROPS
Added 08 September 2010De Vere Group, the offshore IFA, was one of the promoters of the blacklisted Beazley QROPS - Royal London 360 sees sales jump in H1
Added 31 August 2010Sales at Royal London 360 increased by 20% over the first half of this year compared with the first - Offshore IFAs in Panorama investigation
Added 08 September 2010BBC flagship current affairs show Panorama will feature the activities of offshore IFA next month - Jersey to exempt its (untaxed) funds industry from tax to achieve parity with rivals
Added 08 September 2010Jersey plans to exempt most investment funds from all tax in its next budget to compete with rivals. - Investors in Hong Kong QROPS Beazley face 55% tax bill
Added 07 September 2010Investors in a Hong Kong QROPS face losing more than half their pension in tax charges - $60bn of hedge funds in queue to redomicile in Ireland
Added 07 September 2010More than 200 funds with combined assets in excess of $60bn are lining up to re-domicile in Ireland - No more Man from the Pru for Leeson as he moves to Axa Wealth Int'l
Added 08 September 2010Axa Wealth International has hired Prudential's Richard Leeson to help oversee a global expansion - US Treasury issues first formal guidance on planned FATCA anti-tax evasion regulations
Added 07 September 2010The US Treasury has issued guidance on how it will enforce its new FATCA anti-tax evasion rules. - Guernsey bank deposits fall almost £2bn in quarter
Added 08 September 2010Total deposits held in Guernsey banks fell by almost £2bn in the second quarter of the year. - ALFI names woman to head its new Hong Kong marketing office
Added 08 September 2010The Association of Luxembourg Fund Industry has named a woman to head its Hong Kong office. - Edmond de Rothschild AM in Hong Kong fund move
Added 07 September 2010Edmond de Rothschild Asset Management has moved its Asia ex-Japan equities team to Hong Kong. - Lombard appoints new sales director
Added 06 September 2010Lombard International Assurance has appointed a new sales director. - Signet launches Dublin domiciled fund of hedge funds
Added 06 September 2010Signet has launched a Dublin-domiciled Ucits-compliant fund of hedge funds - Insurance sales in South Africa jump 15%
Added 03 September 2010The South African insurance industry reported a 15% increase in new business in H1 this year. - Skandia Int'l re-opens protected fund
Added 03 September 2010Skandia Int'l is re-opening the Royal Skandia USD Protected Global Index Fund for new investment. - JPMAM debuts in Singapore retail market with 21 funds
Added 03 September 2010JP Morgan Asset Management has established a retail market presence in Singapore, launching 21 funds - Stenham reveals it has acquired Montier entities in London and Guernsey
Added 06 September 2010Stenham Asset Management has acquired Montier Partners London and its sibling, Montier Guernsey. - More than a third of international IFAs surveyed by AES say they are not regulated
Added 06 September 2010More than a third of international IFAs say they are not now regulated, a recent AES poll shows. - Simpler ‘autumn statement’ to replace pre-Budget report will save resources, reports say
Added 06 September 2010The annual UK pre-Budget report may be replaced with a “slimmed-down autumn statement”, reports say. - Royal London 360° bolsters Middle East sales team
Added 06 September 2010Royal London 360° has strengthened its Middle East distribution - UK banks and insurers to be supervised from Brussels
Added 03 September 2010The European Union has reached an agreement that will lead to EU-wide financial supervision from Bru - IOMA launches IHT product
Added 03 September 2010Isle of Man Assurance, trading as IOMA Life, is launching a new inheritance tax plan. - FEIFA counsels advisers on EU passporting but warns of "major issues"
Added 03 September 2010FEIFA CEO Paul Stanfield has warned IFAs to carefully consider all the implications of passporting. - Singapore’s Monetary Authority issues new regs in effort to cool its property market
Added 02 September 2010Singapore has issued a raft of new regulations aimed at cooling its booming property market. - Investec rolls out further kick-out and income plans
Added 01 September 2010Investec has unveiled its 20th issue of structured products. - Bloxham to launch global absolute return fund
Added 01 September 2010Bloxham is launching a global absolute return fund using its Midas technical analysis model - HSBC exec suggests bank may leave UK if ordered to break up
Added 03 September 2010An HSBC executive has warned it could move its headquarters out of the UK if forced to break up. - Rathbone Investment Management Int’l names Hollings, Woods to Jersey office
Added 03 September 2010Mike Hollings and Chris Woods have joined Rathbone Investment Management International in Jersey. - F&C poised to complete Thames River deal
Added 26 August 2010F&C Asset Management is to complete its acquisition of Thames River by September 1 - Barclays Capital adds to structured account range
Added 02 September 2010Barclays Capital is launching two additional protected accounts in its Structured Deposit Series. - Malaysia's Advisers Worldwide completes MBO
Added 26 August 2010Malaysian-based IFA Advisers Worldwide has completed a management buyout - Asian house property prices rise above the others
Added 01 September 2010Asian property prices rose for the 12 months to the end of June by more than anywhere in the world. - Royal London 360 adds to LifePlan product
Added 02 September 2010RL 360° has added two new benefits to its LifePlan protection product to mark its first year. - Old Mutual in talks with HSBC over Nedbank
Added 23 August 2010Old Mutual has announced it is in talks to sell its majority owned subsidiary Nedbank Group to HSBC. - FPI adds emerging market funds to platform
Added 31 August 2010FPI has added a number of emerging market funds to its platform. - Standard life to cut up to 500 jobs over 15 months
Added 01 September 2010Standard Life is to eliminate 500 jobs over the next 15 months, including some offshore. - ‘Nous ne regrettons rien’, expat Britons tell Nat West International Personal Banking
Added 26 August 2010Most retired British expatriates living abroad have no regrets about their decision, a survey finds. - Yardley to step down as Royal London group chief exec
Added 27 August 2010Royal London’s group chief executive Mike Yardley is planning to step down. - Expatriates ‘under-utilise’ offshore centres for savings and investing, HSBC Bank Int’l survey finds
Added 01 September 2010Expatriates under-utilise offshore centres for savings and investing, an HSBC Int'l survey finds. - Pictet Funds launches environmental fund
Added 23 August 2010Pictet Funds is launching an environmental ‘megatrends’ fund for European investors. - Hong Kong regulator investigates non-exchange traded product sales
Added 27 August 2010Hong Kong’s investment regulator is continuing to investigate the product sales of licensed firms - IMF warns some developed nations will reach a 'debt limit'
Added 02 September 2010The IMF has said long-term fiscal reforms are required by the world’s economies to reduce debt. - Custom House launches umbrella Sicav for start-ups
Added 18 August 2010A Malta-domiciled Sicav fund umbrella for start-up managers has been launched by Custom House. - Just five countries account for 91% of interest in international property: Primelocation
Added 26 August 2010Five countries account for more than 90% of international property searches, Primelocation says. - F&C completes Thames River acquisition
Added 01 September 2010F&C Asset Management has completed its acquisition of boutique asset management firm Thames River. - Nikko to apply for Hong Kong fund management licence
Added 25 August 2010Japan’s Nikko Asset Management has opened a Hong Kong office - Jersey records steady growth in foundations
Added 31 August 2010The number Jersey foundation structures based in the jurisdiction has grown to 57 since July 2009. - Bank jobs, deposits go in Jersey and Guernsey as offshore operations end
Added 01 September 2010Jobs and bank deposits are being shed as Lloyds Banking Group and Northern Rock close offshore arms. - Ascentric becomes first UK platform to add a QROPS, with Malta-based scheme
Added 23 August 2010Ascentric has become the first UK wrap service to put a QROPs on its platform. - Hong Kong bans gifts as investment incentives
Added 31 August 2010Hong Kong has banned the use of gifts by intermediaries as incentives to make investments. - Collins Stewart WM makes hire to intermediary team
Added 31 August 2010Collins Stewart Wealth Management has hired Sean Millenstead to its intermediary sales team. - JPMAM appoints head of global liquidity EMEA
Added 18 August 2010J.P. Morgan Asset Management has appointed Jim Fuell as head of global liquidity EMEA. - Blevins Franks launches Malta retirement scheme
Added 27 August 2010Belvins Franks, the Malta-based global advisory firm, has launched a Maltese retirement scheme. - Irish Life Int'l is fifth offshore insurer to join Feifa
Added 27 August 2010Irish Life International has joined the Federation of European Independent Financial Advisers - FPI to rebrand as Friends Life next year
Added 18 August 2010FPI will be rebranded Friends Life in the New Year - US and Japanese worries hit investor confidence
Added 27 August 2010Investors have been pulling money out of equities as fears of a double-dip recession in the US grow. - Castlestone to launch Next 11 emerging markets fund
Added 27 August 2010Castlestone Management is planning to launch a ‘Next 11’ emerging markets fund. - Jersey Finance members to government on tax: keep zero-10
Added 25 August 2010Jersey Finance members express support for zero-10 corporate tax regime, and warn against change. - Maltese investment firm in row over 2008 collapse of Jersey’s Belgravia fund group
Added 27 August 2010The 2008 collapse of Jersey's Belgravia funds group has sparked a row in Malta. - Isle of Man investment industry gives its opinion on how its products should be taxed
Added 01 September 2010The Isle of Man has published comments it sought on how IoM investment products should be taxed. - Guernsey Landsbanki depositors unbowed by Iceland setback
Added 18 August 2010Some 200 Landsbanki Guernsey savers are vowing to fight on in a quest to get all of their money back - Skandia Int'l launches adviser information micro-site
Added 18 August 2010Skandia International has launched a new online service providing a range of information to advisers - Would you take investment advice from Tony Blair?
Added 23 August 2010Former Labour PM Tony Blair has established a European-licensed investment advice business - Fund managers see US default as bigger risk than European
Added 18 August 2010The risk of a municipal default in the US is a bigger risk than a sovereign default in Europe. - Guernsey and Jersey begin recruiting for Brussels office
Added 25 August 2010Guernsey and Jersey have launched a hunt for two executives to staff their new Brussels office. - Ignis to launch global technology fund by year end
Added 23 August 2010Ignis Asset Management is to launch a global technology fund by the end of the year. - Jersey Financial Services Commission criticises Standard Bank for handling of Belgravia funds business
Added 25 August 2010Jersey's FSC has strongly criticised two arms of Standard Bank’s Jersey operation. - HMRC received only £91m during last two tax amnesties
Added 20 August 2010HMRC has received 80% less in unpaid tax during the last two amnesties combined than in the first. - First half sales double in Friends Prov's international businesses
Added 17 August 2010Sales in Friends Provident’s international businesses nearly doubled in the first six months of 2010 - Argyll unveils trio of Shariah funds
Added 20 August 2010Argyll Investment Services, a Guernsey-based fund manager, has launched a trio of Shariah funds - DFSA calls for better practice from firms holding client money
Added 17 August 2010The DFSA has called for authorised firms to strengthen practices when holding client money. - Sarasin private bank in Bahrain expansion
Added 25 August 2010Swiss private bank Sarasin has been granted an investment advisory licence in Bahrain. - Singapore regulator lifts structured product ban
Added 25 August 2010Singapore has lifted a ban on the sale of structured notes imposed on six companies - HMRC denies softening approach to tax avoidance
Added 20 August 2010HMRC has strongly denied it is softening its approach to tax avoidance as reported by the FT. - Hawksford appoints exec director to steer growth
Added 17 August 2010Jersey-based ‘wealth structuring’ firm Hawksford has hired Peter Murley as executive director - Peter Neville to head Kleinwort Benson Channel Islands board, as job losses loom on Jersey
Added 24 August 2010Peter Neville has been named chairman of Kleinwort Benson's Guernsey bank as Jersey jobs are at risk - America’s Newsweek magazine names Finland “the Best Country in the World” to live
Added 20 August 2010America's Newsweek magazine has named Finland the “best country in the world” in which to live. - Nearly nine out of 10 Dubai residents in debt
Added 17 August 2010Around 85% of Dubai’s residents are in debt according to a client survey conducted by ISDM. - First third party products available on Axa's Elevate platform
Added 16 August 2010IOMA products are to be the first third party products to be made available on Axa Elevate. - Guernsey to introduce 30% pension lump sum to boost QROPS sector
Added 20 August 2010Guernsey is to raise to 30% its pension commencement lump sum to match the Isle of Man and Jersey - European fund outflows rise in June, says Efama
Added 24 August 2010Outflows from Ucits funds increased in June to €31bn from €23bn a month before - FPI hints at Middle East expansion
Added 19 August 2010FPI is planning to expand its operations in the Middle East, according to one of its senior managers - L&G launches new deposit account
Added 24 August 2010Legal & General is launching the third plan in its series of six year bonds. - Intermediary numbers in Hong Kong reach record high
Added 16 August 2010The number of licensed intermediaries in Hong Kong has reached a recotf high - Jersey Finance calls on extension to deadline on zero-10 views
Added 19 August 2010Jersey Finance is urging the Jersey government to extend the deadline for views on the zero-10 tax. - Coalition falls out over appointment of Philip Green
Added 19 August 2010The appointment of Sir Philip Green as an unpaid adviser to the UK government is causing a rift. - QROPS experts urge IFA caution as Australia changes tax regime
Added 09 August 2010Australia has abolished its Foreign Investment Fund regime, making QROPs advice trickier for IFAs - Gaines-Cooper wins right to appeal to Supreme Court
Added 16 August 2010Robert Gaines-Cooper has won the right to appeal to the UK’s Supreme Court. - Hong Kong firms' AUM nearly doubles in 2009
Added 09 August 2010The asset management business in Hong Kong nearly doubled over the course of 2009. - Coutts steps up Scandinavian presence
Added 19 August 2010Coutts & Co. aims to step up its Scandinavian presence with the appointment Nathalie Ladrak-Malfeyt. - India may relax rules to allow foreign retail investment in stock markets
Added 09 August 2010India may loosen its rules to allow foreign individual investors to invest in its stock markets. - HSBC Private Bank to set up Latin America desk
Added 16 August 2010HSBC Private Bank has appointed Roberto Islas Salcedo to head up a new dedicated Latin American desk - Crown dependencies hopeful ‘dead’ reciprocal health agreements will be revived by year-end
Added 09 August 2010Reciprocal health agreements between the UK and its three crown dependencies may be reinstated. - Merrion launches High Alpha into international market
Added 23 August 2010Merrion is to open its High Alpha Fund to international professional investors. - BlackBerry ban will significantly impact IFA business
Added 06 August 2010IA readers say a ban on the use of BlackBerrys in the Middle East will affect their business there. - UBS appoints head of European wealth management
Added 16 August 2010UBS has appointed Jakob Stott as head of its European wealth management division. - AIFA tells firms not to rule out passporting to avoid RDR
Added 06 August 2010AIFA has told IFAs not to rule out passporting their business into the UK from another EU state. - Hong Kong QROPS status in doubt, says de Vere
Added 13 August 2010The status of Hong Kong QROPS is rumoured to be in doubt, according to de Vere Group - India fixed income fund launched into UK by ACPI
Added 06 August 2010ACPI is to launch the Q-ACPI India Fixed Income Fund into Europe in the middle of this month. - M&G leads Q2 UK fund sales
Added 13 August 2010M&G, Invesco Perpetual and BlackRock dominated gross fund sales in Q2 this year in the UK - Franklin Templeton appoints new European managing director
Added 06 August 2010Franklin Templeton Investments has appointed Jamie Hammond as managing director, Europe. - German economy shows dramatic growth
Added 13 August 2010The German economy grew by 0.2% in the second quarter of the year, its highest level since unificati - Life companies feel effects as HK investment rules start to bite
Added 06 August 2010Life companies with business in Hong Kong are beginning to feel the effects of new regulations. - Vam Funds appoints Asia sales manager
Added 13 August 2010Vam Funds has appointed a business development manager for Asia. - Macquarie wrap adds Axa offshore bonds
Added 06 August 2010Maquarie has added two Axa Isle of Man offshore bonds to its wrap platform. - Prudential overestimated failed AIA bid cost
Added 12 August 2010Prudential overestimated the cost of its failed bid to buy Asian insurance giant AIA. - CLI account enables gifts to be 'drip-fed'
Added 06 August 2010CLI has introduced an investment account that is designed to drip-feed gifts of wealth. - Fears mount over changes to zero-10 tax regime
Added 12 August 2010Fears are growing in the UK’s Crown Dependencies over changes to the current zero-10 tax regime. - HSBC launches inflation-linked bond fund
Added 05 August 2010HSBC Global Asset Management is launching a global inflation-linked bond. - Money market fund outflows continue in Europe
Added 12 August 2010European-domiciled funds recorded net outflows of some €14bn in June, according to Lipper - JPMAM appoints new head of international sales
Added 05 August 2010J.P. Morgan Asset Management has appointed Simon Littemoden as head of international sales. - Aberdeen gains local Chinese investment licence
Added 12 August 2010Aberdeen Asset Management has gained a licence allowing it to buy mainland China listed securities - Channel Islands are better off keeping links to Britain, International Adviser readers believe
Added 05 August 2010A poll of IA readers has found a majority think the Channel Islands should retain their UK links. - Axa Wealth Int'l increases sales by 36%
Added 12 August 2010Isle of Man-based Axa Wealth International increased its sales by 36% during the first half of 2010. - Rugby 'legend' Catt to be Clydesdale Bank Int’l 'ambassador'
Added 05 August 2010Rugby World Cup winner Mike Catt is to be an "ambassador" for Clydesdale Bank International. - Regulatory shake-up in UK could be costly for consumers
Added 12 August 2010Consumers may end up paying more for financial advice after the UK regulator implements the RDR. - Standard Chartered says it could leave UK
Added 05 August 2010Standard Chartered bank finance director Richard Meddings has said the company could leave the UK. - HMRC writing to 600 offshore account holders
Added 11 August 2010HMRC is writing to 600 offshore account holders to determine how offshore accounts are marketed. - New global equity higher income fund from BNY Mellon
Added 05 August 2010BNY Mellon has launched a Dublin-domiciled equivalent of its Newton Global Higher Income Fund. - BlackBerrys get Saudi reprieve as India's concerns emerge
Added 11 August 2010Saudi Arabia is moving towards allowing the use of Blackberry devices as India expresses concerns. - Guernsey announces revised plans for India trip
Added 04 August 2010The Guernsey government has announced revised plans for a trip to India. - Invesco launches Latin America fund
Added 11 August 2010Invesco is launching a Luxembourg-domiciled Latin American Equity Fund. - OECD push for more TIEAs may increase risk of tax data abuse: STEP
Added 04 August 2010An OECD to expand the number of countries exchanging tax data could jeopardise the data's security. - Pru Int'l and Gilliat join FEIFA
Added 11 August 2010Pru Int'l and Gilliat have become the latest in a line of firms to join FEIFA. - Fidelity adds sterling share class to emerging Asia fund
Added 04 August 2010Fidelity is launching a sterling share class for its Emerging Asia Fund. - Isle of Man begins drive for international employee benefits business
Added 11 August 2010IoM Gov't and financial sector have begun a drive to attract international employee benefit business - DeVere has eye on US for fund platform
Added 04 August 2010The deVere Group is planning to offer its fund platform to British expats in the US. - Kleinwort’s Nigel Strachan to head Jersey Funds Association
Added 10 August 2010Kleinwort's Nigel Strachan is to succeed Richard Thomas as chairman of the Jersey Funds Association. - Skandia aims bespoke bond at UK expats based in Spain
Added 04 August 2010Skandia International has developed a bespoke product for British expatriates living in Spain. - Accountants and their clients restless as NDO confirmations slow to materialise
Added 10 August 2010UK accountants whose clients have filed NDO disclosures say they have received few confirmations. - Isle of Man at centre of Wyly brother investigation
Added 03 August 2010The Isle of Man is at the centre of allegations Sam and Charles Wyly avoided US tax for years. - Dubai FSA in memorandum of understanding with Portuguese bank supervisor
Added 10 August 2010The Dubai Financial Services Authority has entered into an MoU with Portugal's banking supervisor. - Deutsche Bank to launch Saudi treasury sales platform
Added 03 August 2010Deutsche Bank is launching a corporate treasury sales platform. - SFC creates new investment committee
Added 10 August 2010Hong Kong’s SFC has established a Products Advisory Committee. - Skipton International restructures bond offerings
Added 03 August 2010Skipton International has restructured its fixed rate bond range. - RBS appoints new Wealth Division CEO
Added 10 August 2010RBS has appointed Rory Tapner as the new CEO of its Wealth Division. - End of embargo on transfers to NZ QROPS
Added 03 August 2010An embargo on transfers to two NZ-based QROPS by a number of UK pension schemes has been lifted. - SFC approves first RMB-denominated fund for sale
Added 10 August 2010The SFC has approved the first RMB-denominated fund for sale to retail investors in Hong Kong. - Offshore bonds account for half of investment bond market
Added 02 August 2010Offshore bond sales now account for nearly half of the investment bond market, according to Metlife. - Bachmann renamed Ardel after MBO
Added 09 August 2010Bachmann is to be renamed Ardel Holdings following an MBO of the Guernsey-based trust and funds firm - UK retail sales of overseas-domiciled funds more than treble in second quarter: IMA
Added 02 August 2010UK retail sales of funds domiciled overseas more than trebled in the second quarter, the IMA said. - Risks increase as traded life policy market grows
Added 02 August 2010The growth in the TLP market is throwing up new dangers for investors, according to a recent report. - Singapore QROPS provider wins ruling against HMRC
Added 02 August 2010Equity Trust, the trustee of the Panthera ROSIIP pension fund, has won a key battle against HMRC. - Raft of new regulations in pipeline as UAE’s Insurance Authority tightens screws
Added 02 August 2010A raft of new insurance regulations is expected to be issued by year-end in the UAE. - 'Just' 419 UK taxpayers take advantage of Liechtenstein disclosure facility
Added 01 August 2010Just 419 taxpayers registered for the Liechtenstein Disclosure Facility in the 7 months to 31 March. - Key Jersey government official to be based in London
Added 31 July 2010Jersey’s director of international finance, Martin de Forest-Brown, will move to London in September - Jersey’s public workers 'to be offered redundancy', as island’s government seeks way through budget squeeze
Added 30 July 2010All of Jersey’s public employees are to be asked if they would like to take voluntary redundancy. - Guernsey announces UK seminar series as it seeks to retain QROPS crown
Added 30 July 2010Guernsey is to hold “master classes” on QROPS in the UK this autumn as it seeks to retain its crown. - Hong Kong's insurance industry welcomes plans for new independent regulator
Added 30 July 2010Industry professionals in Hong Kong have welcomed plans to create an independent insurance body. - Hard times come to UAE bank customers, Datamonitor research shows
Added 30 July 2010New Datamonitor research reveals that customers of UAE banks are struggling to pay their bills. - Dubai FSA warns firms of site visits
Added 29 July 2010The Dubai FSA has sent a letter to firms warning them they may be selected for a site visit. - Bahrain authorities shut offices of Gulf International investment firm: reports
Added 29 July 2010Bahrain authorities have shut the offices of Gulf International Investment, media organisations say. - Acquisitions boost Collins Stewart Wealth Management's AUM
Added 29 July 2010CSMW increased its assets under management by 36% over the past year to the end of June. - Standard Life Investments in strategic Japanese deal
Added 29 July 2010SLI has entered into an alliance with Chuo Mitsui for reciprocal asset management services. - Guernsey to adopt ‘automatic exchange of information’
Added 28 July 2010Guernsey is to adopt automatic exchange of information. - Regulatory change may happen "overnight" in emerging markets, warns ZIL chief
Added 28 July 2010The CEO of ZIL's Middle East and Africa businesses has warned regulatory change may come "overnight" - European investors worried over bank refinancing
Added 28 July 2010European investors are increasingly concerned about the ability of the region’s banks to refinance. - India to conduct bank stress tests
Added 28 July 2010The Reserve Bank of India has said it will carry out stress tests on its banks. - International property searches increase 138% in June
Added 28 July 2010The number of searches for international properties have increased despite the turbulent markets. - Assets in Isle of Man institutions still under pressure, FSC report reveals
Added 27 July 2010Outflows have slowed but not completely stopped from Isle of Man banks... - UK gov't launches tax consultations
Added 27 July 2010The UK government has today published nine consultation documents relating to tax. - AES International expands into Spain and Gibraltar
Added 27 July 2010AES International has partnered with its first Spanish and Gibraltar-based IFA firms. - Funds enjoy $500bn inflow in Q2 despite wobbly markets
Added 27 July 2010Global investment funds enjoyed inflows of $500bn – twice what was achieved in the H1 2009. - HNWIs emigrating to Hong Kong under entrant scheme now may use insurance products
Added 26 July 2010Hong Kong has expanded its Capital Investment Entrant Scheme to allow insurance products to be used. - Kaupthing depositors to pay legal bill for challenge
Added 26 July 2010The Kaupthing Depositors' Action Group is being forced to pay up to £346,000 in legal costs. - Saudi regulator releases draft of regs for outsourcing arrangements by insurers, insurance services providers
Added 26 July 2010The Saudi Arabian Monetary Authority has released a draft of new regulations for insurers. - Martin Currie to launch three absolute return Sicavs
Added 26 July 2010Martin Currie is set to launch three Luxembourg-domiciled Ucits III compliant Sicavs. - ‘Offshore under continued pressure’ but picture is ‘mixed’, McKinsey banking survey shows
Added 26 July 2010Political pressures, and regulations are pressuring offshore banking, according to McKinsey. - BlackRock offers its Global Funds range to Singapore investors
Added 23 July 2010Singapore retail investors will be able to access a range of BlackRock funds they could not before. - Ex-Insight's Martyn Gilbey named as Mirae's new chief marketing officer
Added 23 July 2010Mirae Asset Global Investments in Hong Kong has appointed Martyn Gilbey as chief marketing officer. - FPI slams Royal London report on mirror funds
Added 23 July 2010FPI has hit back at research from Royal London 360° on ‘mirror’ funds. - Inflows help Switzerland to maintain bank deposits in ’09, despite US, Europe withdrawals: McKinsey
Added 23 July 2010Switzerland's private banks, which have been hit by tax-evasion crackdowns, saw 1% outflows in 2009. - Westminster debate shows increased awareness of role of offshore centres
Added 22 July 2010Tory MP Mark Field yesterday opened a debate in Westminster about the UK’s offshore financial centre - UK taxpayers to receive written warning from Lichtenstein banks
Added 22 July 2010Thousands of UK taxpayers with accounts in Lichtenstein are due to receive letters from their banks. - Swip liquidates Sicav fund range
Added 22 July 2010Swip is to liquidate its entire Luxembourg-domiciled Sicav, following the loss of its key managers. - Close signs discretionary management deal with Standard Life
Added 21 July 2010Close Asset Management has entered into an offshore bond agreement with Standard Life. - Bupa Int’l to accredit overseas healthcare providers
Added 21 July 2010Bupa International has unveiled a new programme to accredit overseas healthcare services providers. - Independence debate rears head in Channel Islands
Added 21 July 2010Would the Channel Islands thrive without UK patronage? Some of their lawyers think so - Kotak Mahindra launches Indian debt fund
Added 21 July 2010Kotak Mahindra is launching an Indian corporate debt fund. - J.P. Morgan plans Asia expansion
Added 21 July 2010J.P. Morgan has announced plans to significantly expand its Asian private wealth management business - S&P rates first Saudi based fund
Added 21 July 2010Standard & Poor’s Fund Services has given its first rating to a Saudi-based equity fund. - Kleinwort Benson reshuffles Guernsey office
Added 21 July 2010Kleinwort Benson in Guernsey has restructured its three business units. - Hong Kong unveils plan to create independent insurance regulator
Added 21 July 2010Hong Kong has unveiled plans to replace its Office of the Commissioner of Insurance with a new body. - UK Government launches tax review
Added 20 July 2010The government has established a new body to look at ways of simplifying the UK tax regime. - Dominion Corporate Group opens Lux office
Added 20 July 2010Jersey-based Dominion Corporate Group has opened an office in Luxembourg. - Martin Currie funds debut on Royal Skandia platform
Added 20 July 2010Martin Currie's Global Resources and Greater China funds have been added to Royal Skandia's platform - Bahrain weathered storms of 2009 in reasonable shape: Economic Development Board
Added 20 July 2010Bahrain last year avoided the recession that took its toll on Europe and the US, a report says. - 175 offshore funds added to IMA sectors since April
Added 19 July 2010The UK IMA) has added 175 offshore funds to its performance sectors this year - SFC introduces investor guides as part of rule tightening programme
Added 19 July 2010The SFC has launched two ‘plain-language’ publications to help investors with investment documents. - Former Pru boss takes over former Pru target in Asia
Added 19 July 2010AIG has named former Prudential boss Mark Tucker as head of its Asian division. - HSBC moves expat team to Hong Kong from Singapore
Added 19 July 2010HSBC International has relocated its entire expat banking team to Hong Kong from Singapore. - South Africa's finance industry in drive to boost savings
Added 19 July 2010South Africa's finance industry has created a think tank tasked with boosting savings rates - India unveils new rupee symbol
Added 18 July 2010India has unveiled a new symbol to represent its currency, the rupee. - British pensioners' group seeks opinions on UK state pensions
Added 16 July 2010A British expat pensioners' group is conducting a survey to prove the UK should not freeze pensions. - Thailand, UAE and US top list of where Brits are getting arrested
Added 16 July 2010More Britons got arrested in Thailand during the past year, proportionally, than elsewhere, FCO says - Dubai FSA loosens fund rules to encourage foreign managers
Added 16 July 2010The DFSA has implemented a number of changes to its investment funds regime. - Don't look into the mirror, warns RL 360°
Added 16 July 2010Royal London 360° has highlighted the underperformance of life company “mirrored” fund links - Fry Group names James Sutton to head up Hong Kong office
Added 16 July 2010James Sutton has been named to head Fry's Hong Kong office as Kevin Coppard returns to the UK. - The Overseas Pension launches online tracking tool
Added 16 July 2010The Overseas Pension, a Guernsey based QROPS, has launched an online tracking tool. - Societe Generale Private Banking appoints head of China office
Added 15 July 2010Societe Generale Private Banking has appointed Hsiao-Yun Lee as the CEO of its China office. - Hong Kong's DBS agrees to HK$651m Lehman payout
Added 15 July 2010Hong Kong high street bank DBS is to pay compensation totaling HK$651m to more than 2,600 customers - Austria's AVD unveils offshore CGT strategy funds
Added 15 July 2010Austria's AVD is targeting UK advisers with an offshore CGT strategy based on traded endowment funds - Glendevon King launches global bond fund
Added 15 July 2010Glendevon King has launched a global bond fund for European investors. - Hansard & Brooklands join FEIFA
Added 15 July 2010Hansard Europe and Brooklands Pensions have become the latest companies to join the FEIFA. - Ucits funds see €23bn outflow in May
Added 14 July 2010European Ucits funds suffered outflows of €23bn during May, according to the EFAMA. - Singapore's Jigsaw seeks to assuage recruitment concerns
Added 14 July 2010Singapore IFA Jigsaw has sought to clarify its staffing deal with deVere - HMRC taxing some pensions of UK expats in error
Added 14 July 2010The private pensions of some UK expats are being incorrectly taxed before the money leaves Britain. - Still growing Vistra acquires stake in Centrapriv Zurich
Added 14 July 2010Vistra, the Geneva-based corporate services provider, has acquired a 50% stake in Centrapriv Zurich. - Central London commercial property fund launched
Added 13 July 2010A Luxembourg-domiciled central London commercial property fund has been launched - Standard Bank Offshore expands intermediary team
Added 13 July 2010Standard Bank Offshore has expanded its Isle of Man-based intermediary sales team - S&P maintains negative outlook for UK
Added 13 July 2010Standard & Poor’s has warned the UK is still at risk of losing its triple-A rating. - European funds suffer €18bn outflow
Added 13 July 2010The European funds industry suffered a mass exodus of client money during May. - IoM, Jersey sign TIEAs with Portugal
Added 12 July 2010Jersey and the Isle of Man have signed Tax Information Exchange Agreements (TIEAs) with Portugal. - IOMA launches Guernsey QROPS
Added 12 July 2010Isle of Man-based IOMA Pensions has launched a Guernsey QROPS. - Money market funds gain as investor confidence wanes
Added 12 July 2010Global money market funds hit a 78-week high in the first week of July, taking in $33.5bn. - ‘Frozen’ UK pensioners continue their fight for parity
Added 12 July 2010Reps for more than 500,000 UK retirees are continuing their fight to have their pensions uprated. - Jersey FSC and South African Reserve Bank sign MoU
Added 09 July 2010Jersey FSC has signed a memorandum of understanding (MoU) with the South African Reserve Bank. - BNY Mellon and Western venture into China
Added 09 July 2010BNY Mellon and Western Securities have set up a joint venture investment company in China. - Hexam takes majority share from Ignis
Added 09 July 2010Hexam Capital Partners is to take a 65% stake in its joint venture with Ignis Asset Management. - Pru Int'l's new MD unveils growth plans
Added 09 July 2010Pru International plans to expand European distribution and develop products for Asian investors - Expats happiest in Australia, Canada and New Zealand, survey shows
Added 09 July 2010Australia has replaced New Zealand as the preferred destination of expats, a new study shows. - Jersey Finance sets early 2011 for marketing offices in Middle East and India
Added 09 July 2010Jersey Finance is finalising plans to open marketing offices in both India and the Middle East. - Cofunds adds Allianz Sicavs to platform
Added 08 July 2010Cofunds has added four of Allianz Global Investors’ Luxembourg-domiciled Sicavs to its platform. - Gemini to launch India Oeic
Added 08 July 2010Gemini Investment Management is set to launch its first Oeic. - HMRC to withdraw 55% penalty for pension transfers
Added 08 July 2010HMRC is bringing forward legislation to stop unauthorised payment charges on pension transfers. - Aegon Ireland launches six protected equity products
Added 07 July 2010Aegon Ireland has launched six protected equity funds. - Pru Int'l adds discretionary managers, improves portfolio bond admin services
Added 07 July 2010Prudential International has added five discretionary managers to its Portfolio Account - Lord Ashcroft gives up non-dom status to remain peer
Added 07 July 2010Lord Ashcroft is reported to have given up his non-dom tax status in order to remain a peer. - Liechtenstein Parliament passes LDF legislation, setting date for local firms to contact clients
Added 07 July 2010Liechtenstein has approved a key piece of legislation that will start the clock on LDF disclosures. - HK IFAs to get 'mystery' visit from regulator
Added 07 July 2010IFAs in Hong Kong are to be investigated by undercover ‘mystery shoppers’. - Merchant Investors unveils offshore bond, excluded property trust
Added 07 July 2010Merchant Investors has launched an offshore bond and excluded property trust - A Liechtenstein disclosure: Bulk of LDF assets can stay put
Added 07 July 2010UK taxpayers are finding they don't need to move assets to Liechtenstein to make an LDF declaration - Jersey banking stats show leap in Far East deposits
Added 06 July 2010Deposits in Jersey banks from Far East sources have more than doubled since the end of September. - US tax investigation of HSBC clients ‘in India or Singapore’, Bloomberg reports
Added 06 July 2010HSBC clients “in India or Singapore” are being investigated by US tax authorities, Bloomberg says. - Spain moves to strengthen IFA regulation
Added 06 July 2010The Spanish regulator the CNMV is taking steps to tighten its regulation of the investment industry. - French leaseback property demand 'to soar'
Added 06 July 2010The sale of French leaseback properties are predicted to boom over the next few months. - Threadneedle appoints head of European distribution
Added 05 July 2010Threadneedle has appointed Dominik Kremer as European head of distribution. - Sanlam introduces African Frontier Markets Fund
Added 05 July 2010Sanlam Investment Management has launched the single manager Sanlam African Frontier Markets Fund. - Members of European Parliament to vote Wednesday on deal allowing bulk transfer of European bank data to US
Added 05 July 2010MEPs are to vote Wednesday on a deal that would allow transfer to the US of European bank details. - Standard Bank launches split structured product
Added 05 July 2010Standard Bank Offshore is launching the latest in its tranche of structured products. - EFAMA in call for pan-European long-term savings product
Added 05 July 2010A so-called pan-European long-term savings product is needed to help Europeans plan for retirement. - AILO members mull adviser commission research
Added 05 July 2010A shift in the business models of international IFAs may soon be underway, suggests AILO research - Jersey to enter third country QROPS market
Added 05 July 2010Jersey plans to enter the QROPS market as early as next January. - UK giving emergency financial boost to Turks and Caicos Islands
Added 04 July 2010The cash-strapped British government is to help the ailing Turks and Caicos Islands with £10m loan. - Boal & Co launch additional QROPS
Added 02 July 2010Isle of Man based actuarial firm Boal & Co is launching an additional version of its Guernsey QROPS. - Duet Group unveils commodities fund
Added 02 July 2010Alternatives specialist Duet Group has launched Commodities Fund. - Henderson launches Henderson Horizon Global Currency Fund
Added 02 July 2010Henderson has launched the Henderson Horizon Global Currency Fund. - BarCap launches latest 4-yr euro-denominated protected deposit account
Added 02 July 2010Barclays Capital has launched its latest versions of its four-year protected 'digital' accounts. - Gibraltar QROPS administrators await HMRC/Gib Govt pow-wow
Added 02 July 2010Gibraltar's QROPS trustees are awaiting a meeting between the Revenue and Gibraltar's government. - Henderson merges New Star Dublin Oeic into Lux Sicav
Added 01 July 2010The New Star European Growth Dublin Oeic has now merged into the Henderson Horizon Luxembourg Sicav. - Gartmore launches Euro hedge fund for Bennett
Added 01 July 2010Gartmore has unveiled the Dublin-domiciled AlphaGen Pan-European Equity Hedge Fund. - EU launches attack on hedge and fund manager bonuses
Added 01 July 2010Hedge funds and asset management groups are to face a crackdown on the way bonuses are paid to staff - Offshore fund sales slow on fears over Europe
Added 01 July 2010Retail sales of offshore funds into the UK fell in May as investors took a more cautious approach. - Belgium's RHJ completes Kleinwort deal
Added 01 July 2010Belgian financial services group RHJ International has completed its acquisition of Kleinwort Benson - Philip Story moves to Zurich In'tl Life from FPI
Added 01 July 2010Philip Story has been named head of sales in the Middle East for Zurich International Life. - Jersey issues call to islanders to voice views on tax strategy
Added 01 July 2010Jersey is turning to its citizens for their opinions on how the island’s tax regime should change. - Neuberger Berman launches global unconstrained fund
Added 30 June 2010Neuberger Berman Europe is launching an unconstrained global equities fund. - EU Commission launches consultation on cross-border IHT
Added 30 June 2010The European Commission has launched a public consultation paper looking into cross-border IHT. - Ucits III commodity fund launch from Threadneedle
Added 30 June 2010Threadneedle launches its first regulated commodity fund, the Threadneedle Enhanced Commodites Fund. - Study: Luanda in Angola is world’s priciest city
Added 30 June 2010Luanda, Angola’s capital city, is the world’s most expensive city for expatriates, a survey finds. - Liechtenstein Parliament LDF vote expected this week
Added 30 June 2010Liechtenstein’s Parliament is expected this week to unanimously approve a key piece of legislation. - Charlemagne launches EM dividend fund
Added 29 June 2010Charlemagne Capital has launched the Magna Emerging Markets Dividend Fund. - PwC survey: 80% think Emergency Budget won’t stop UK corp migration to “more attractive business destinations”
Added 28 June 2010A PwC poll of business execs found 19% thought last week's budget would slow UK business exodus. - Difficulties in agreeing text force delay in AIFM vote
Added 28 June 2010The European Union Parliament has postponed a vote on the controversial AIFM directive. - IFAs' views sought for life settlements rulebook
Added 28 June 2010IFAs who use life settlement funds have been asked to participate in research into market practices - Julius Baer in Hong Kong fined $3m
Added 28 June 2010Julius Baer in Hong Kong has been fined HK$3m for compliance failings - FPI launches investor sentiment indices
Added 28 June 2010FPI has launched quarterly investor sentiment indices for the UAE, Hong Kong and Singapore - Advisers more likely to use offshore bonds following CGT change
Added 25 June 2010International advisers are more likely to use offshore bonds following the rise in CGT. - Plans to build houses to attract wealthy arouse ire on Isle of Man
Added 25 June 2010A furore has followed a call for the Isle of Man to consider allowing large homes for HNWIs. - Isle of Man unveils new fund structure
Added 25 June 2010The Isle of Man has introduced a new Regulated Fund Structure - Dubai plans restructure of DIFC to boost competitiveness, FT reports
Added 25 June 2010Dubai is planning to restructure its international financial centre, the FT reports today. - Wave of M&A activity to hit fund industry says survey
Added 25 June 2010A wave of M&A activity is expected within the investment industry over the next 12 months. - IFSA to expand mandate and 'more actively engage in Australia’s economic policy'
Added 24 June 2010Australia’s Investment & Financial Services Association, today announced plans to expand its mandate - Resolution to buy Axa's UK life business
Added 24 June 2010Resolution is to buy the UK life assurance arm of Axa in a deal worth around £2.75bn. - IMA welcomes review of UK tax regime
Added 24 June 2010The IMA has welcomed the UK Government’s decision to hold a consultation about the tax regime. - Pictet Funds names Gallo to head NA, cross-border distribution
Added 23 June 2010Pictet Funds has named Simone Gallo to its North American and cross-border distribution team. - Aegon's offshore business escapes cuts
Added 23 June 2010Aegon’s international business will not be affected by the 25% cuts being imposed on the UK - Abbey Int'l increases rate on sterling account
Added 23 June 2010Abbey International has increased the rate of interest on its 12 month fixed rate contracts. - Guernsey and Jersey invite consultation on corporate tax, ahead of EU review
Added 23 June 2010Guernsey and Jersey are issuing consultation documents on their corporate tax regimes. - Emergency Budget: offshore impact
Added 23 June 2010The Emergency Budget threw up little surprises for the offshore sector..... - AES International joins FEIFA
Added 23 June 2010AES International has become the latest firm of advisers to join the FEIFA. - Merrill Lynch/Capgemini: UAE “lost around 19% of its HNWI” population in ’09
Added 22 June 2010The United Arab Emirates lost around 19% of its high net worth population last year, a survey shows. - Report: number of world’s HNWIs grew by 17% in 2009, led by Asia Pacific, North America
Added 22 June 2010The ranks of the world’s dollar millionaires grew by more than 17% last year to 10m, a report shows. - Survey identifies weak spots in SFC
Added 22 June 2010Most are satisfied with the overall performance of the SFC but there is room for improvement. - IoM's Conister unveils six 'best buy' accounts
Added 22 June 2010IoM's Conister Bank has created six new fixed rate, fixed term savings accounts - Barclay's CAR Long Short fund made available offshore
Added 22 June 2010Barclays Capital Cross Asset Rotator Long Short Fund has been made available for offshore investors. - Charlemagne launches global emerging markets fund
Added 21 June 2010Charlemagne Capital is launching a fund targeting ‘undervalued assets’ in global emerging markets. - European absolute return offering from RWC Partners
Added 21 June 2010Ajay Gambhir is to run the the RWC Europe Absolute Alpha Fund. - Advisers split on QROPS
Added 21 June 2010Advisers are split as to whether or not pension busting/mis-selling is a problem for QROPS. - Dubai FSA and Canadian regulator enter into MoU
Added 21 June 2010Dubai FSA and the Office of the Superintendent of Financial Institutions of Canada enter into MoU. - Abu Dhabi Commercial Bank to buy RBS' UAE branches
Added 21 June 2010ADCB has signed a deal to purchase the UAE-based retail banking business of RBS. - Euroclear and EMX to launch global fund distribution platform
Added 21 June 2010Euroclear and EMXCo are putting in place a global fund distribution structure. - Scottish Widows launches offshore e-service
Added 18 June 2010Scottish Widows has launched a range of online services for advisers of offshore products. - Manx parliament approves EUSD auto-exchange move
Added 18 June 2010The Isle of Man has approved a move to automatic exchange of information under the EUSD - Americans race clock to disclose UBS accounts following Swiss vote
Added 18 June 2010The Swiss Parliament has agreed a deal to allow UBS to reveal the names of some 4,450 of its clients - Feifa membership reaches 13
Added 18 June 2010Membership of Feifa has reached 13 after French registered financial consultancy Fern Hill joined - 130 more offshore funds apply for IMA inclusion
Added 18 June 2010The IMA has received applications from a further 130 offshore funds to be included in its sectors. - Sabugueiro to head international venture for Swiss Life
Added 17 June 2010Ex-Zurich International Life head Carlos Sabugueiro is to join Swiss Life. - Collins Stewart buys Andersen Charnley
Added 17 June 2010Collins Stewart Wealth Management has bought London-based firm Andersen Charnley. - GAM strengthens UK private client team
Added 17 June 2010GAM has hired Rory MacEwen from Barclays Wealth for its UK private client team. - Jersey enjoys solid start to 2010
Added 17 June 2010Jersey’s financial services industry has enjoyed a positive start to the year. - Gibraltar comes in from the cold as it declares end to tax haven status
Added 17 June 2010Gibraltar has declared itself no longer a tax haven - Cannonball Run jolly lands deVere man in US court
Added 16 June 2010deVere's Middle East director has been fined by a US court for speeeding in a Cannonball Run drive - Syz & Co. launches Asia equity fund
Added 16 June 2010Swiss banking group Syz & Co. is launching an emerging Asian equities fund. - Jupiter float values firm at £755m
Added 16 June 2010Jupiter has announced its shares have been set at 165p each for its listing on the LSE. - ALC Health launches online facility
Added 16 June 2010ALC Health has launched an online ‘quote and buy’ facility. - Swiss deal with US on UBS clients' names clears another hurdle
Added 15 June 2010The Swiss parliament voted to approve a deal with the US to allow the handover of UBS clients' names - Moody’s issues downbeat 12- to 18-month outlook for UAE banks
Added 15 June 2010Moody's says the outlook for banks in the UAE remains negative for the next 12 to 18 months. - Barings appoints Japan sales head
Added 15 June 2010Barings has appointed Naoki Toyoda to the role of head of mutual fund sales in Japan. - U.S. Bancorp and Societe Generale announce link-up
Added 15 June 2010U.S. Bancorp Fund Services and Societe Generale are launching a commercial alliance. - Royal London appoints Middle East sales consultant
Added 15 June 2010Royal London 360° has appointed James Parsons as regional sales consultant covering the Middle East. - Zurich Financial: ‘no decision made’ to move life biz to Dublin
Added 15 June 2010Zurich Financial Services says it has not decided whether to move its UK life business to Dublin. - Swip launches strategic bond fund
Added 14 June 2010Swip is launching a Strategic Bond Fund for managers Roger Webb and Luke Hickmore. - Superfund switches Lux funds to daily dealing and cuts fees
Added 14 June 2010Superfund is switching its Lux-domiciled Sicav funds to daily dealing and is reducing its fees. - Axa to keep wealth management arm in Resolution deal
Added 14 June 2010Axa will keep its wealth management business as part of its sale deal with Resolution - PIMCO launches first actively managed equity funds
Added 14 June 2010PIMCO has launched the PIMCO EqS Pathfinder Fund and the PIMCO EqS Pathfinder Europe Fund. - BCG: Global wealth nears pre-crisis levels
Added 14 June 2010Global wealth increased 11.5% in 2009 to $111.5trn, just short of the year-end peak achieved in 2007 - Investors continue to buy into 'safe' assets
Added 14 June 2010Global investors continue to buy in to ‘safe’ assets, according to the latest data from EPFR Global. - New Abu Dhabi wealth manager to accommodate women HNWIs
Added 14 June 2010A new Abu Dhabi wealth management company is run mostly by women and seeks to target women HNWIs. - Bangkok-based Infinity rides out Thailand’s turmoil
Added 14 June 2010Infinity Financial's MD Trevor Keidan is no stranger to Thailand’s political instability. - Roger Berry warns on QNUPS
Added 11 June 2010Concept Group’s Roger Berry is warning investors to be wary of using a QNUPS simply for IHT reasons. - Devotion of Japanophiles under pressure again
Added 11 June 2010Pro-Japan investors are under fresh pressure today following comments by Japan's new prime minister. - MetLife to offer investment bond via Rockingham
Added 11 June 2010MetLife Europe is offering Rockingham clients access to its offshore guaranteed investment bond. - Equinoxe launch offshore fund service
Added 11 June 2010Equinoxe is launching a low cost platform for hedge fund managers to launch offshore funds. - Lawrence Graham expands Middle East private client team
Added 11 June 2010Private client law firm Lawrence Graham LLP has expanded its Middle East operation - New High Dividend Selection Fund from Pictet
Added 10 June 2010Pictet has launched a High Dividend Selection Fund to UK and European investors. - Vistra group buys Malta-based IBSL
Added 10 June 2010Vistra has acquired Malta-based financial service provider International Beneficiary Service. - Abbey Int'l to close accounts after high demand
Added 10 June 2010Abbey Int'l is to withdraw the dollar and euro fixed deposit accounts by early summer. - Matrix launches second Ucits III fund
Added 10 June 2010Matrix has joined with Lazard Asset Management to launch its second Ucits III this year. - Lloyds Int'l launches premier account
Added 09 June 2010Lloyds TSB International is launching a new account for British expats living overseas. - Deutsche appoints ME/Pakistan head
Added 09 June 2010Deutsche Bank has hired a veteran private banker to head its Middle East and Pakistan business - Swiss MPs reject US-UBS tax deal
Added 09 June 2010Swiss MPs have rejected a landmark tax evasion deal between the US, Switzerland and UBS. - Brazil and Indonesia boost OECD tax rating
Added 09 June 2010Brazil and Indonesia have substantially implemented the internationally agreed tax standard - OECD. - Spain cracks down on unauthorised IFAs
Added 09 June 2010The Spanish financial regulator has begun a crackdown on some English IFAs working in Spain. - Aberdeen to launch Lat-Am income fund
Added 08 June 2010Aberdeen is set to launch a Latin American Income Fund for managers Devan Kaloo and Brett Diment. - Investors do not favour increased regs for alternatives
Added 08 June 2010Institutional investors believe increased regulation will have a negative impact on alternatives. - Regulatory change in Hong Kong could force out IFAs
Added 08 June 2010Small IFAs in Hong Kong could be forced out of business after an unexpected change in regulation. - Gibraltar deal with HMRC on QROPS ‘still on’
Added 08 June 2010Gibraltar expects to gain final approval from HMRC as a QROPS jurisdiction in the next few weeks. - Old Mutual's Cowley warns on Italian debt levels
Added 08 June 2010OMAM's Stewart Cowley is warning Italy is currently the greatest threat to the euro. - Peter Towers exits Pru Int’l; Michael Leahy assumes his duties
Added 07 June 2010Peter Towers has left Prudential International Assurance, where he had been managing director. - ‘Frozen’ UK pensioners continue their fight for parity
Added 07 June 2010An ex-pat UK pensioners' group is urging Britain's MPs to join their fight to gain pension parity. - IFAs in Middle East at ‘evolutionary standstill’
Added 07 June 2010Middle East-based financial advisers are at an ‘evolutionary standstill’, according to a new report. - Hong Kong's SFC unveils investor protection measures
Added 07 June 2010Hong Kong’s investment regulator, the SFC, has unveiled a packagage of investor protection measures. - Number of ex-pat Americans renouncing their citizenship rises
Added 07 June 2010The number of ex-pat Americans who are formally renouncing their citizenship has risen sharply. - ‘Say ‘no’ to full independence,' Cayman official reported telling other small jurisdictions
Added 06 June 2010A Cayman Islands official has urged small jurisdictions to think twice about full independence. - Withers: HIRE Act could stop US citizens getting advice abroad
Added 04 June 2010A majority of industry professionals believe US citizens may not receive advice abroad due to HIRE. - New 55% penalty threat for QROPS transfers
Added 04 June 2010QROPS transfers where benefits are being paid and the member is under 55 face a 55% penalty. - deVere launches online trading platform
Added 04 June 2010The deVere Group is launching an online trading service, offering access to spread and CFD trading. - Guernsey bank deposits grow for first time in 15 months
Added 04 June 2010Guernsey bank deposits grew for the first time in more than a year during the first quarter of 2010 - Isle of Man moves to tighten up immigration of non-EEA and Swiss workers
Added 04 June 2010The IoM is to make it harder for companies to employ people from outside the EEA and Switzerland. - Saudi Arabia unveils King Abdullah Economic City, its answer to Dubai
Added 03 June 2010Foreigners will be allowed to own property in a new city being built near Jeddah in Saudi Arabia. - Inflows into non-money market Ucits funds touch 4-yr quarterly high: Efama
Added 03 June 2010Net inflows into 'long-term' Ucits funds touched a 4-year quarterly high, Efama says. - Gib’s Marrache brothers free on bail after three months
Added 03 June 2010Marrache & Co principals Benjamin and Solomon Marrache have been freed on bail, Gibraltar Chron says - Horowitz returns to Merrill Lynch
Added 02 June 2010Merrill Lynch Wealth Management has appointed Adam Horowitz as head of EMEA global client coverage. - EU to review Jersey, IoM zero-10 regimes in September
Added 02 June 2010The zero-10 corporate tax regimes of Jersey and the Isle of Man will face EU review in September. - Jupiter IPO to value company at up to £868m
Added 02 June 2010Jupiter has announced its IPO share price range of between 150p and 210p, valuing it at up to £868m. - Prudential scraps bid for AIA
Added 02 June 2010Prudential is scrapping its bid for Asian insurer AIA and is set to face termination costs of £450m. - New research finds ‘serious concerns’ over hedge fund risks
Added 02 June 2010Hedge funds pose serious risks to investors, a new study, which looks at investor behaviour, finds. - AIG refuses to renegotiate AIA deal with Prudential
Added 01 June 2010Prudential has failed to renegotiate the terms of its planned purchase of Asian insurer AIA with AIG - Singapore’s Superfund launches equity market neutral strategy
Added 01 June 2010Superfund Financial has launched Superfund Blue, a market neutral long/short equity fund. - Fitch follows S&P's and downgrades Spain
Added 01 June 2010Spain was downgraded last Friday by Fitch from AAA to AA+. - Lord Laidlaw gives up seat to avoid losing non-dom status
Added 01 June 2010Lord Laidlaw has given up his seat in the House of Lords to avoid losing his non-dom status. - Sanlam makes two hires to distribution team
Added 01 June 2010Sanlam UK has made two senior hires to its distribution team. - Iveagh targets up to 8% annual returns with Newcits fund of funds
Added 31 May 2010Iveagh Private Investment House has the launched Iveagh Newcits Fund. - Vistra expands into Bulgaria, Germany and Dubai
Added 30 May 2010Vistra has opened an office in Plovdiv, Bulgaria’s second-largest city, as it continues to expand. - Is Canada really the best place to be an expat? – Have your say
Added 29 May 2010The last time HSBC Bank International asked expats to rate where they lived, Canada came out on top. - Irish Permanent pulls out of Isle of Man
Added 28 May 2010Irish Permanent is withdrawing from the Isle of Man. - Mondis unveils Cayman multi-asset fund
Added 28 May 2010Newly-formed boutique Mondis Capital has launched the a Cayman-domiciled global multi-asset fund - Mercator sells its Nova Investment arm to its MD
Added 28 May 2010Guernsey's Mercator Group has sold its Nova Investment Management operation to Nova MD Ross Preston. - Prudential to renegotiate AIA deal
Added 28 May 2010Prudential has confirmed it is renegotiating the terms of its £24.1bn planned takeover of AIA Group. - JP Morgan acquiring Guernsey funds services business from Schroders
Added 28 May 2010JP Morgan Worldwide Securities Services is to acquire Schroders’ Guernsey fund services business. - Maseco’s James Sellon named to Aurora forum
Added 28 May 2010Maseco Financial managing partner James Sellon has joined the London-based Aurora Group. - Guernsey and Isle of Man signal intention to join SEPA
Added 28 May 2010Both the Isle of Man and Guernsey have confirmed they are considering joining the SEPA. - New compliance service launched in Guernsey
Added 28 May 2010A new compliance and corporate governance service has launched in Guernsey. - Absolute return FoFs from FundQuest
Added 27 May 2010FundQuest is to introduce a sterling version of its fund of absolute return ‘newcits’ funds - Half of HNWs continue to make money during recession
Added 27 May 2010Over half of the ‘future wealthy’ made money during the past twelve months. - Switzerland and Germany reign atop ranking of world’s 10 ‘top cities’
Added 27 May 2010A new survey says Vienna is the most liveable city while Switzerland and Germany dominate the top 10 - New body to promote Guernsey as independent film finance centre
Added 27 May 2010A new organisation has been formed to promote Guernsey as a centre for film financing. - DeVere appeals to digital generation with fund platform for iPhone and iPad
Added 26 May 2010The deVere Group has created an ‘app’ allowing clients to monitor portfolios on iPhones and iPads - Jersey takes steps to join Single Euro Payments Area
Added 26 May 2010Jersey is taking steps to join the Single Euro Payments Area. - Source capitalises on interest in the US with S&P 500 ETF
Added 26 May 2010Source has launched an Ireland-domiciled LSE-listed S&P 500 tracker with a 0.2% management fee. - Invesco report says Gulf investors keen on emerging markets
Added 26 May 2010A new report finds Gulf investors more interested in exposure to emerging markets than most others. - Jersey’s treasury minister pays visit Isle of Man
Added 26 May 2010Jersey treasury minister senator Philip Ozouf is in the Isle of Man this week to meet with officials - Financial regulation to return to Bank of England, Queen’s Speech reveals
Added 25 May 2010A proposal to return financial regulation to the Bank of England featured in today's Queen's speech. - Stock markets plunge on European debt woes and Korean tensions
Added 25 May 2010Stock markets around the world have plunged overnight and this morning. - Singapore's Jigsaw recruits second adviser under de Vere deal
Added 25 May 2010Singapore adviser Jigsaw to recruit further adviser through de Vere deal. - Prudential lists in Hong Kong and Singapore
Added 25 May 2010Prudential has finally listed on the Hong Kong and Singaporean stock exchanges. - High net worths vary in their outlook for the economy
Added 25 May 2010The rich are different from one another, at least when it comes to their outlook for the economy. - Fortress to launch life settlements fund
Added 24 May 2010Fortress is launching a Luxembourg-domiciled fund investing in US life insurance policies. - Armstrong Investment Managers partners with FEIFA
Added 24 May 2010AIM has become the latest firm to partner with the Federation of European IFAs. - RBS Coutts appoints NRI/South Asia head
Added 24 May 2010RBS Coutts has appointed a new head of its non-resident Indian and South Asia businesses. - Offshore trustees urged to make distributions ahead of emergency budget
Added 24 May 2010PKF Guernsey has urged trustees of offshore trusts to make distributions before the June budget - Nationwide Int'l launches new guaranteed accounts
Added 21 May 2010Nationwide International is rolling out the next in its series of offshore savings accounts. - Huge US financial regulatory change a matter of weeks away
Added 21 May 2010The Senate has passed a bill that will see savage changes to the US financial world. - Longcross to launch residential and commercial property fund
Added 21 May 2010Longcross Asset Management is launching a UK-focused property investment fund. - Barclays Wealth opens office in Rome
Added 21 May 2010Barclays Wealth is opening an office in Rome targeting ultra high net worth individuals. - Guernsey defiant in face of AIFM directive
Added 21 May 2010Guernsey Finance says the jurisdiction will remain a leading fund domicile despite AIFM directive. - Con-Libs pledge non-dom tax review
Added 20 May 2010The taxation of non-doms is to be reviewed, the government announced today - Carmignac registers funds in Sweden
Added 20 May 2010Carmignac Gestion has registered six of its funds for sale in Sweden. - Kaupthing compensation case set to vindicate adviser
Added 20 May 2010IFAs facing legal complaints over the collapse of KFS IoM look increasingly likely to escape penalty - Dominica, Grenada and St Lucia join OECD white list
Added 20 May 2010Dominica, Grenada and Saint Lucia have joined the OECD ‘white list’. - Maseco launches discretionary fund management service
Added 20 May 2010Maseco is launching a discretionary unit allowing UK & European advisers to work with US clients. - Allianz creates pan-European investment team
Added 19 May 2010Allianz Global Investors has created a dedicated European platform. - Swiss city aims to lure UK's rich with promise of low tax
Added 19 May 2010Swiss city Lucerne is trying to lure UK companies and professionals with low tax rate. - Barclays launches adviser service in Channel Islands
Added 19 May 2010Barclays is launching a new service in the Channel Islands catering for the top 100 of its IFAs. - Hansard adds HSBC Brazil to offshore bond platform
Added 19 May 2010Isle of Man-based Hansard has added HSBC’s Brazil Equity Fund to its unit-linked fund range - FPI partners with FEIFA
Added 19 May 2010FPI has become the latest product provider to become a FEIFA 'partner'. - Vam appoints Middle East sales director
Added 19 May 2010Vam Funds has promoted Mark Taylor to Middle East sales director - Singapore to impose new retail fund rules
Added 19 May 2010The Monetary Authority of Singapore (MAS) is to overhaul its retail fund regulations - AIFM directive now gets nod from EU finance ministers
Added 18 May 2010The proposed AIFM directive got the nod from Europe's finance ministers on Tuesday, as expected. - European fund inflows near €90bn for Q1
Added 18 May 2010European investors continued to pour money into long-term funds during March. - Regulators approve Kleinwort Benson takeover
Added 18 May 2010Regulators have approved the takeover of Kleinwort Benson by a Belgian investment company - Jupiter to float in June
Added 18 May 2010Jupiter Asset Management has announced its intention to float on the LSE in June. - Expats in line for Spanish CGT rebate
Added 18 May 2010Expats who paid too much tax on their Spanish property sale may be entitled to a rebate. - F&C links with Allfunds to offer funds in Italy
Added 18 May 2010F&C Investments has signed a distribution agreement with Allfunds Bank. - Econ committee approves alternative investment funds directive
Added 18 May 2010A key committee of the European Parliament last night approved proposed hedge fund regulations. - First vote on alternative funds directive today
Added 17 May 2010Members of Econ will vote today on regulations aimed at Europe's alternative funds industry. - Prudential finally launches delayed rights issue
Added 17 May 2010UK insurance giant Prudential managed to launch its delayed £14.5bn rights issue today, to buy AIA. - Euro hits four year low
Added 17 May 2010The euro hit a four-year low against the dollar earlier today. - Sabre to launch Ucits version of Style Arbitrage Fund
Added 17 May 2010Sabre is planning to launch a Ucits III Luxembourg Sicav version of its Sabre Style Arbitrage Fund. - Three-quarters of UK football clubs are offshore
Added 17 May 2010Almost three-quarters of UK premier League football clubs are based in offshore tax havens. - Guernsey consults on company law revisions
Added 17 May 2010Guernsey is considering a number of changes to its 2008 companies law - Man Group to acquire GLG for $1.6bn
Added 17 May 2010Man Group has reached an agreement to acquire New York-listed GLG for $1.6bn. - Jersey Trust opens Luxembourg office
Added 17 May 2010Jersey Trust Company has opened a Luxembourg office to be headed by Cliff Langford and Roel Schrijen - Matrix launches Ireland long/short Ucits fund
Added 17 May 2010Matrix has unveiled its first Ucits III vehicle, Matrix Asia Ucits Fund - Tosca teams with Deustche to launch mid cap fund
Added 17 May 2010Deutsche Bank is partnering with Tosca Fund to launch a Ucits III version of the Tosca Mid Cap Fund. - SE Asian fund assets surpass 2007 peak
Added 14 May 2010Southeast Asian mutual fund assets surged in 2009 to an all-time high, according to Cerulli. - Funds industry ponders possible dawn of protectionist era as EU’s AIFM directive vote looms
Added 14 May 2010Fund managers wonder whether protectionist era will follow next week's AIFM directive vote in Europ - Integral unveils brace of wealth services
Added 14 May 2010Integral Asset Management (IAM), has launched advisory and ‘personal CIO’ services. - CGT rise will see offshore bonds inflows 'in weeks'
Added 14 May 2010The increase in capital gains tax from 18% to 40% may boost offshore bond sales, say commentators - Close lifts Global Funds suspension
Added 13 May 2010Close Brothers has lifted the trading suspension on its flagship offshore investment vehicle. - Schroders adding emerging market fund to its GAIA Ucits platform
Added 13 May 2010Schroders is adding a second fund to its Luxembourg-domiciled GAIA hedge fund platform. - Bond funds continue to buoy European fund sales
Added 13 May 2010European fund managers enjoyed their best first quarter for three years. - Legg Mason to launch absolute return credit fund
Added 13 May 2010Legg Mason is launching a global absolute return credit fund through its affiliate Western. - Advisers begin to embrace guaranteed income streams
Added 13 May 2010Advisers are increasingly embracing the use of guaranteed income streams. - Abbey Int'l launches dollar and Euro deposit accounts
Added 12 May 2010Abbey International is launching both a dollar and Euro deposit service with a 12mth fixed contract. - IMA’s Syyrilä reiterates UK concerns over AIFM directive
Added 12 May 2010Europe's proposed AIFM directive could damage its funds industry, the IMA's Jarkko Syyrilä warned. - Language skills key to UK businesses
Added 12 May 2010IFAs with the ability to speak a foreign language can achieve 45% more sales. - Solvency II impact becoming clearer
Added 12 May 2010The Solvency II directive is likely to have a greater impact on cross-border life firms than thought - Odey in Swiss joint venture as it expands further into wealth management
Added 12 May 2010London-based Odey Asset Management has formed a joint venture with a Geneva-based wealth manager. - Ioma: coalition gov could boost offshore tax planning
Added 12 May 2010The offshore tax planning industry may benefit from a coalition government in the UK, Ioma believes. - UK agrees to talks on restoring reciprocal health agreement with Jersey
Added 11 May 2010The UK has agreed to talks with Jersey about restoring a recently-ended reciprocal health agreement. - NatWest IPB launches next Navigator product
Added 11 May 2010NatWest International Personal Banking is launching the Navigator 2 structured deposit account. - Zil unveils Middle East retirement campaign
Added 11 May 2010Zil has launched a campaign aimed raising awareness of retirement planning in the Middle East - Equity Trust expands into Spain through Madrid joint venture
Added 11 May 2010Equity Trust, the international trust company, has expanded into Spain through a joint venture. - DIFC growth up 50% before crisis, says report
Added 10 May 2010The DIFC generated 3.4% of the emirate’s total GDP of US$82bn in 2008 - Quality Capital Mgmt launches Ucits version of its flagship managed futures product
Added 10 May 2010Quality Capital Management is launching a Lux-domiciled Ucits version of its GDP flagship hedge fund - Alquity to launch Africa fund
Added 10 May 2010Alquity is launching an Africa-focused investment strategy. - Ex Frontier man Liew sets up investment service
Added 10 May 2010Ex Frontierinvestment strategist Simon Liew has set-up In My Opinion. - Spectrum's Galway goes to Sovereign Group in Singapore
Added 10 May 2010Andrew Galway has been named Sovereign's business development manager in Singapore. - IMG enhances expat medical plan
Added 10 May 2010IMG Europe has enhanced its expatriate healthcare plan. - London & Capital tees up southern European expansion
Added 07 May 2010London & Capital is seeking to grow its southern European high net worth client base - Isle of Man’s plan for Brussels office moves closer to fruition
Added 07 May 2010The Isle of Man's plans to open a lobbying office in Brussels are progressing, chief minister says. - Standard Bank in private client drive
Added 07 May 2010Standard Bank in Jersey has made two senior promotions its private clients division - Legge to step down from Liontrust
Added 07 May 2010Liontrust Asset Management co-founder and chief executive Nigel Legge is to step down from his role. - Interglobal moves into Pakistan
Added 07 May 2010Private medical insurer Interglobal is to offer its plans in Pakistan - Regulation & financial stability still key to QROPS advisers
Added 07 May 2010Regulation and financial stability are still paramount when it comes to selecting a QROPS provider. - Sales growth stalls for Royal London 360° in Q1
Added 06 May 2010Royal London 360°’s new business for the first quarter of 2010 was up just 2% on the previous year - Close opens QROPS plan to life assurers
Added 06 May 2010Close is opening its Guernsey Personal Retirement Plan to products from the life assurance industry. - BarCap adds a four-year euro-denominated protected deposit account with exposure to Euro Stoxx 50
Added 06 May 2010Barclays Capital has unveiled a new euro-denominated four-year protected deposit account. - Asia drives growth for FPI
Added 06 May 2010Combioned growth at FPI and Lombard rose 53% in Q1. - Half of Brit expats in Spain to vote Tory
Added 06 May 2010Nearly half of British expatriates in Spain have said they will be voting for the Conservatives. - Iveagh launches into Spain
Added 06 May 2010Iveagh has launched a fund into the Spanish market for institutional and retail investors. - Duncan Lawrie opens Indian office
Added 05 May 2010Private banking firm Duncan Lawrie has opened a representative office in Kolkata. - Liechtenstein unveils package of tax reforms, including flat corporate rate
Added 05 May 2010The Alpine principality of Liechtenstein, known for secrecy, today unveiled a package of tax reforms - International Adviser poll
Added 05 May 2010 - Pension transfers by Armed Forces increase
Added 05 May 2010Requests from Armed Forces personnel to transfer their pension abroad under QROPS are increasing. - European IFAs call for voice within new super regulators
Added 05 May 2010European IFAs have voiced concerns over their lack of representation within Europe's new regulators - Investec closing its Guernsey trust operation following review
Added 05 May 2010Investec is closing its Guernsey Trust office over the next 12 months, with the loss of 62 jobs. - NatWest Int'l to release next Autopilot product
Added 05 May 2010NatWest International Personal Banking is to roll out the latest tranche in its Autopilot series. - Quilter adds to Jersey team
Added 05 May 2010Quilter has appointed Damien Maltwood as investment manager within its Jersey office. - Prudential consolidating UK and international sales forces
Added 05 May 2010Prudential is consolidating its UK and international life business development teams. - Missing Marrache brother returns to Gibraltar to face questioning, Gib paper says
Added 04 May 2010Third Marrache brother returns to Gibraltar to face questioning, Gib paper says - Pru rumoured to exit UK
Added 04 May 2010Prudential is said to be working on a deal to sell its entire UK and US businesses. - LGT CP to launch Ucits fund of hedge funds
Added 04 May 2010LGT Capital Partners is launching a Dublin-domiciled Ucits III fund of hedge funds. - Hedge fund giant Marshall Wace relocating Cayman funds to Dublin
Added 04 May 2010Hedge giant Marshall Wace is the latest company to move its Cayman fund range to Ireland. - ALC Health continues European expansion
Added 03 May 2010ALC Health is to open its first office in Malta as it continues to expand into Europe. - EU to address problem of double tax problems in cross-border venture capital investing in wake of report
Added 01 May 2010The European Commission is to address the cross-border double-tax problems of venture cap investors. - Jersey sees £80bn fall in assets
Added 30 April 2010The value of funds domiciled in Jersey fell by nearly £80bn between the end of 2008 and 2009. - Balanced funds make strong start to 2010
Added 30 April 2010Balanced pooled funds registered an average positive return of 6.6% in the Q1 2010 - Russell extends Middle East distribution deal; plans new launches
Added 30 April 2010Russell Investments has extended a Middle East distribution deal with Rayan Asset Management - Sinels launches business intelligence agency
Added 30 April 2010Sinel is launching an agency which will provide investors assistance with investment and litigation. - Standard Chartered rejigs top private and personal banking roles
Added 29 April 2010Standard Chartered has reshuffled senior banking positions, appointing a new head of private banking - Recent Cayman court decision may drive hedgies away, consultant says
Added 29 April 2010A Cayman Court decision in favour of a fund has been criticised by a hedge fund industry consultant. - Close steps up QROPS presence with new appointment
Added 29 April 2010Close Brothers has appointed Mike Lightfoot as its pensions director. - Study sees ‘tectonic shift in private banking’ with HNWIs' move to Asia
Added 29 April 2010A 'tectonic shift' in private banking is taking place as the number of HNWIs living in Asia grows. - Singapore to impose capital requirement on hedge funds
Added 29 April 2010The Monetary Authority of Singapore has proposed a number of revisions to its fund manager rules - UK leads Europe's discretionary table
Added 29 April 2010The UK is Europe’s leading centre for discretionary asset management based on AUM. - Hong Kong SFC warns investors to check intermediary licenses
Added 28 April 2010The SFC in Hong Kong is warning investors to ensure all intermediaries they deal with are licensed. - Fund flows slow but continue rising
Added 28 April 2010Money continued to move into investment funds in the final three months of 2009, said EFAMA - Thames River bought by F&C
Added 28 April 2010F&C Asset Management has entered into a conditional agreement to acquire Thames River Capital. - Hong Kong regulator seeks trading ban on Tiger Asia
Added 28 April 2010The Hong Kong Securities and Futures Commission is seeking a trading ban for Tiger Asia Management. - HSBC kicks off latest Expat Explorer survey
Added 28 April 2010HSBC Bank Int'l is soliciting the opinions of expats around the world as it launches third survey. - BakerPlatt sells its training arm to Jersey’s new biz school
Added 27 April 2010The Jersey-based BakerPlatt Group has sold its Forward Training arm to Jersey's new business school. - Close Int's Cowley says Malta's fledgling QROPS biz may need time to develop
Added 27 April 2010Close International exec says Malta's new QROPS industry may need time to develop. - Pru’s Asia plans threatened by shareholder action
Added 27 April 2010Prudential’s biggest shareholder has been making moves to orchestrate a break-up of the insurer. - MLWM hires adviser to Dubai office
Added 27 April 2010Merrill Lynch Wealth Management has appointed Joy Verghese to its Dubai office as financial adviser. - HSBC Private Bank appoints Ellis as MD of UK & Channel Isles
Added 26 April 2010HSBC Private Bank has appointed Daniel Ellis as MD and head of private bank investment group. - Carne Global opens office in New York
Added 26 April 2010Dublin-based Carne Global is opening a New York office to help US fund managers interested in Europe - VAM funds approved in Singapore
Added 26 April 2010Two VAM funds have gained approval in Singapore. - Kotak Mahindra Financial Services opens in Dubai
Added 26 April 2010Kotak Mahindra Financial Services launches in Dubai. - Merrill Lynch appoints another manager
Added 26 April 2010Merrill Lynch Wealth Management has appointed Simon Steele as portfolio manager to its UK office. - Hedge fund giant Marshall Wace relocating Cayman funds to Dublin, Hedge Funds Review says
Added 26 April 2010Marshall Wace has shifted most its hedge funds to Ireland from Cayman, news report says. - IFAs making little headway in Asia Pacific
Added 26 April 2010Independent financial advisers have yet to make much headway in Asia Pacific market, paper says. - HMRC registers first Maltese QROPS
Added 23 April 2010HM Revenue & Customs has finally approved the first Maltese Qualifying Recognised Pension Schemes. - Expat numbers fall in Gulf region
Added 23 April 2010The number of expatriates moving to the Gulf region is falling. - Manx Government eyes Brussels office
Added 23 April 2010The Manx Government has indicated that setting up a permanent office in Brussels is being considered - Singapore reviews fund management rules
Added 23 April 2010Singapore may place new restrictions on investment managers in the wake of a planned sector review. - Bachmann Group announce partial MBO
Added 23 April 2010The Bachmann Group has announced a partial management buyout of its principal operations. - Ash cloud cancels Guernsey govt's India trip
Added 22 April 2010Representatives from the Guernsey government have had to cancel a scheduledtrip to India. - Ex-Fidelity manager joins Avendus
Added 22 April 2010Indian financial services firm, Avendus Capital, has hired ex-Fidelity head Munish Randev. - Investec adds to European sales team
Added 22 April 2010Investec Asset Management has hired Juan Marin as its Southern European sales director. - QROPS sales to grow in 2010, say advisers
Added 21 April 2010A survey by Skandia Int'l found most overseas advisers expect QROPS to grow over th next 12 months. - Expats enjoy a better life, says NatWest Int'l
Added 21 April 2010Nine out of ten British expatriates say they enjoy a better quality of life abroad, says NatWest. - HSBC re-jigs multi-manager team
Added 21 April 2010HSBC has made several changes to senior positions in its multi-manager team recently. - Standard Life Int'l appoints new CEO
Added 21 April 2010Standard Life International has appointed Nigel Dunne as its new chief executive. - Merrill Lynch replaces Swiss head
Added 20 April 2010Merrill Lynch Wealth Management has appointed Patrick Ramsey as the head of its Swiss Bank. - Isle of Man lawmakers to discuss permanent office in Brussels, paper says
Added 20 April 2010Isle of Man lawmakers will discuss the possibility of establishing a permanent office in Brussels. - Australian tax authorities ramp up hunt for offshore tax evaders
Added 20 April 2010The Australian Tax Office will seek help from financial institutions in tracking down tax evaders. - Luxembourg funds see 24% asset rise in 2009
Added 20 April 2010Luxembourg-domiciled fund assets rose by 24% during the course of last year, according to Lipper. - ABN Amro moves Middle East private banking operations to DIFC
Added 20 April 2010ABN Amro Bank has moved its Middle East private banking operations into the DIFC. - Ash cloud postpones Jersey Finance conference
Added 19 April 2010The Jersey Finance Trust and Wealth Management Conference has been postponed. - Guernsey moves closer to QROPS code of conduct
Added 19 April 2010A QROPS code of conduct in Guernsey is one step closer with the sub-committee meeting tomorrow. - Lombard Odier to open Lux office, rejig Jersey operation
Added 19 April 2010Lombard Odier Darier Hentsch is to open an office in Luxembourg and move to Bedell its Jersey office - Singaporeans keen on commodities and emerging markets
Added 19 April 2010Singaporean investors are focusing on commodities, emerging markets and high yield bonds. - Barclays Radar Fund goes offshore
Added 19 April 2010Barclays Capital has made its Radar Fund available to offshore life bond investors. - Hilltop launches fund of hedge funds
Added 19 April 2010Hilltop Fund Management has launched a Gibraltar-domiciled fund of hedge funds strategy. - China and Brazil sign trade agreements
Added 16 April 2010Brazil and China have signed a number of trade agreements aimed at boosting trade between the two. - Vinum Fine Wine Fund forced to close
Added 16 April 2010The Guernsey-listed Vinum Fine Wine Fund is to be closed after a lengthy suspension. - New fund laws introduced in British Virgin Islands
Added 15 April 2010A new Act came into law yesterday in the British Virgin Islands. - Crisis has changed Ultra HNW lives
Added 15 April 2010The financial crisis has had a life-changing impact for many ultra high net worth individuals. - Advisers think risk outweighs returns
Added 15 April 2010The majority of financial advisers think controlling risk is more important than maximising returns. - Sharp increase in fund managers considering move overseas
Added 15 April 2010There has been a sharp increase in fund managers seeking advice about relocating out of the UK. - MeesPierson launches ‘mini-portfolio’ multiple-asset fund of funds
Added 15 April 2010Guernsey's MeesPierson is launching a multi-asset fund of funds for retail and institutional clients - Int'l law firm Harney Westwood opens Cyprus office
Added 15 April 2010Harney Westwood & Riegels, the law firm, has opened an office in Limassol, Cyprus. - Skandia launches multi-asset funds into South Africa
Added 14 April 2010Skandia Investment Group has launched two new multi-asset funds for Old Mutual in South Africa. - Veritas celebrates five years of global
Added 14 April 2010Veritas Asset Management’s Global Equity Income Fund celebrates five years. - Lib Dems target £5bn in anti-avoidance clawback
Added 14 April 2010Britain's Liberal Democrats say they would seek to recoup £5bn by cracking down on tax avoidance. - FEIFA sets out plans to AILO
Added 14 April 2010Paul Stanfield, FEIFA’s chief executive, presented to the quarterly meeting of AILO. - Confidence in advisers still strong says Fidelity
Added 14 April 2010UK European investors continue to trust their financial advisers, says Fidelity International. - Pictet Funds launches European long/short strategy
Added 14 April 2010Pictet Funds is launching a Luxembourg-domiciled long/short European equity fund. - CESR publishes MiFID consultation paper
Added 14 April 2010The CESR has published its MiFID consultation paper and has called for responses by 31 May. - Zurich In’tl launches new corporate protection, pension plans for expats into Singapore
Added 14 April 2010Zurich International Life has launched a group protection plan and a pension plan into Singapore. - Threadneedle launches emerging market bond fund
Added 13 April 2010Threadneedle has launched a new emerging market corporate bond strategy via its Luxembourg Sicav. - Icelandic banking report questions role of owners
Added 13 April 2010A report into the Icelandic banking collapse found its failure was largely due to its rapid growth. - Aviva Investors set to unveil Structured Returns Fund
Added 13 April 2010Aviva Investors is to launch the Aviva Investors Structured Returns Fund 1 - Schroders to launch Asian Income Maximiser
Added 13 April 2010Schroder is to launch an Asian version of its UK equity-focused Income Maximiser (IMax) Fund. - Morningstar: A question of integration
Added 13 April 2010Following the purchase of OBSR by Morningstar there is a question mark over integration. - Morningstar buys OBSR for £12m
Added 12 April 2010Morningstar has bought Old Broad Street Research (OBSR) for £12m - Martin Currie refocuses Luxembourg Sicav range
Added 12 April 2010Martin Currie Investment Management is refocusing its Luxembourg Sicav range - SocGen opens Middle East office in Geneva
Added 12 April 2010Societe Generale Private Banking is expanding its Middle Eastern operation. - Reliance Asset Management (UK) opens in Dubai
Added 12 April 2010Reliance Asset Management (UK) gains licence in Dubai to offer wealth advice. - Aviva re-enters Asia insurance market
Added 09 April 2010Aviva, the world’s fifth largest insurance group, has re-entered Asia’s non-life insurance market. - Full QROPS encashment still taking place
Added 09 April 2010Windsor Pensions has said it will accommodate British expats wishing to fully encash their pensions. - STM Group to buy Jersey firm
Added 09 April 2010Jersey-based Zenith Trust Company is to be bought by STM Group for a maximum consideration of £5.1m. - Babyboomers looking overseas provide opportunities for IFAs
Added 09 April 2010The UK’s babyboomers that are planning retirement overseas provide opportunities for IFAs. - Qatar curbs visas for UK citizens
Added 08 April 2010The Qatar Government will no longer grant visas on arrival to citizens from Britain and the US. - Merrill Lynch boosts business development team
Added 08 April 2010Merrill Lynch Portfolio Managers has hired Nick Booth as business development director. - Reports showing tax havens ‘cause children’s deaths’ refuted by new study
Added 08 April 2010New report challenges Christian Aid data blaming tax evasion for daily deaths of 1,000 children. - Jon Moulton to speak at Guernsey funds event
Added 08 April 2010Private equity figure Jon Moulton will speak on alternative investment funds in London next month. - HSBC launches FTSE 250 ETF
Added 08 April 2010HSBC has launched a FTSE 250 ETF initially on the London Stock Exchange - John Spellman leaves Isle of Man Finance
Added 07 April 2010Isle of Man Finance director John Spellman has left the position to pursue other interests. - Fund introduces new income-producing asset class
Added 07 April 2010A new fund that gets revenues from loans made to terminally ill US cancer patients is being launched - HSBC launches Global Emerging Markets Equity Alpha Fund
Added 07 April 2010HSBC Global Asset Management is to launch a UCITS III absolute return global emerging markets fund - Gulf countries move closer to implementing value-added tax
Added 07 April 2010The Gulf Cooperation Council countries are moving in the direction of implementing a value-added tax - Landsbanki Guernsey depositors call attention to comments in UK Justice Committee report
Added 06 April 2010Landsbanki Guernsey depositors' group calls attention to UK report it says proves their claims - Royal London unveils revamped ‘Quantum’ savings product for international investors
Added 06 April 2010Royal London360° is launching Quantum, a new savings product aimed at international investors. - As 50% top tax rate takes effect in UK, experts debate its likely effects
Added 06 April 2010British residents with incomes of £150,000 or more will today begin paying the new 50% top tax rate. - International bodies extend tax evasion protocol
Added 06 April 2010The OECD and the Council of Europe have extended tax evasion co-operation agreement. - Royal London launches trust with IHT appeal
Added 06 April 2010Royal London 360° is launching a trust which aims to reduce the value of an individual’s estate - New US law seen impacting global financial services industry
Added 05 April 2010Last month's passage of a new US law aimed at cracking down on tax evasion will hit foreign firms. - Malta FSA launches consumer DVD
Added 04 April 2010The Malta Financial Services Authority has produced has produced a DVD for consumers. - Jersey Finance backs growing list of TIEAs
Added 03 April 2010Jersey Finance has given its backing to the signing of a TIEA with Indonesia - RBC opens advisory office in Barbados
Added 03 April 2010RBC has opened an international investment advisory office in Barbados - Kaupthing IoM directors defend their actions in ’08 collapse, paper reports
Added 02 April 2010Kaupthing Singer & Friedlander(IoM) bank officials have defended their handling of its collapse. - IOMA launches tax service
Added 02 April 2010IOMA Solutions is launching a tax advice service for Isle of Man based individuals and businesses. - IMA adds offshore funds to its sector classification system
Added 01 April 2010The Investment Management Association (IMA) has added offshore funds to its classification system - FSA charges seven over insider dealing
Added 01 April 2010The UK's FSA has charged seven people with 13 counts relating to dealing on inside information - US Living Trusts may trigger UK trust tax liability
Added 01 April 2010UK nationals living and working in the US may be face UK tax liabilities through Living Trusts - UK Parliamentary report recommends self determination for Crown Dependencies
Added 31 March 2010Commons committee report recommends improving UK's relationship with its Crown Dependencies - Midas Capital offloads overseas units
Added 31 March 2010Midas Capital is to offload two subsidiaries in Guernsey and South Africa. - RBC continues onshore expansion
Added 31 March 2010Offshore firm RBC Wealth Management has made a further hire to its UK business. - Congressman's letter sparks EU concerns of protectionism
Added 31 March 2010A senior congressman has called on the US to retaliate if the EU goes ahead with the AIFM directive. - Heather Bestwick succeeding Kirkby at Jersey Finance
Added 30 March 2010Heather Bestwick is to succeed Robert Kirkby as technical director at Jersey Finance. - Tony Blair under pressure from UK media over possible plans to avoid UK tax
Added 30 March 2010Tony Blair came under pressure following news of links to companies with offshore licences - Veritas strengthens global team with new analyst
Added 30 March 2010Veritas Asset Management, the investment boutique, has strengthened its global team - Credit Suisse opens Bahrain office
Added 30 March 2010Credit Suisse has opened an office in Bahrain and appointed Khaled Salah as head of its operations. - RWC launches fund into Germany
Added 30 March 2010RWC Partners has received authorisation to sell its Ucits III Absolute Alpha Fund in Germany. - Emirates NBD to launch Jersey-domiciled fund
Added 30 March 2010Middle East banking group Emirates NBD is to launch a Jersey-domiciled money market fund. - Greece announces bond issue
Added 29 March 2010Greece has announced a sale of government bonds to try to pull itself out of its debt crisis. - Germany and Switzerland agree double tax deal
Added 29 March 2010Germany and Switzerland have agreed in principle to a new double taxation deal. - OBSR drops two Artemis International funds
Added 29 March 2010OBSR has removed two Luxembourg-domiciled Artemis International funds from its service. - GAM targets 12-15% absolute returns with quant strategies fund
Added 29 March 2010GAM has unveiled the Star Keynes Quantitative Strategies Fund, a global systematic quant fund - FSA to stop commission system in UK
Added 26 March 2010New rules on removal of commission in the UK may not achieve much - Dubai World gets Gov't help
Added 26 March 2010The Dubai government is to inject over $1.5bn of cash into property conglomerate Dubai World. - Guernsey delegation to visit India
Added 25 March 2010A delegation from Guernsey will visit India next month - News report quotes Swiss regulator telling banks to dump Americans
Added 25 March 2010A Swiss regulator is quoted saying banks are right to avoid Americans because of vague US tax rules - New Zealand introduces retirement visas
Added 25 March 2010British people hoping to retire to New Zealand will be able to apply for a new type of visa. - Guernsey and Jersey in talks to open joint Brussels office
Added 25 March 2010A Brussels office representing Guernsey and Jersey is under consideration, officials say - Budget: Darling targets offshore tax dodgers
Added 24 March 2010The Chancellor today confirmed severe penalties for those who fail to pay taxes on offshore gains. - Budget: UK extends tax deals to more countries
Added 24 March 2010The UK Budget announced plans to extend tax agreements with Domnica, Grenada and Belize - EU in move to end squabbles over divorce venue
Added 24 March 2010The EU is unveiling new rules aimed at ending "forum shopping" by divorcing couples - Growth in UK non-doms slowed by finance act
Added 24 March 2010The number of resident non-doms arriving in the UK has fallen in the years since the Finance Act '08 - L&G reports strong overseas results
Added 24 March 2010The international division of Legal & General reported operating profits more than doubled to £127m - IMA to include offshore funds
Added 23 March 2010The IMA is to include offshore funds in its sector classification system from 1 April - BNY Mellon launches global multi-asset fund for European investors
Added 23 March 2010BNY Mellon has launched a Dublin-domiciled multi-asset global absolute return fund. - UK to get tough on offshore tax evasion
Added 23 March 2010UK's Budget on March 24 is expected to contain further measures to curb offshore tax evasion. - SLI to acquire majority stake in Aida Capital
Added 23 March 2010SLI to buy 75.1% of Aida Capital for undisclosed fee - Growth of Ucits funds to slow
Added 22 March 2010The growth in Ucits funds will slow down over the next five years - Mirea appoints head of EMEA sales
Added 22 March 2010Mirae Asset Global Investments has appointed Elliott Berman as head of sales for the EMEA region. - SIG launches Dublin-based corporate bond fund
Added 22 March 2010SIG is expanding its Dublin-based global range of single manager funds - Three more partners join FEIFA
Added 22 March 2010FEIFA has maintained its rapid growth with the addition of another three partners, says chief exec. - Obama signs bill with hidden provisions affecting non-US financial institutions
Added 19 March 2010President Obama yesterday signed into law a bill which will impact on non-US financial institutions. - Tax change revives interest in EFRBS
Added 19 March 2010Tax change is reviving interest in EFRBS - Santander appoints int’l private bank head
Added 19 March 2010Alvaro Morales has been appointed as chief executive of Santander Private Banking International. - FPI launches two sustainable investment funds
Added 19 March 2010Friends Provident International is launching two sustainable investment funds - Collins Stewart sees 25% profit fall in wealth arm
Added 19 March 2010Collins Stewart’s wealth management business suffered a 25% fall in its operating profit last year. - Standard Chartered commits to Middle East
Added 19 March 2010Standard Chartered remains committed to expanding its Middle East operations - Jersey chief minister denies split rumours
Added 18 March 2010Jersey’s chief minister has denied a trip he undertook to Gibraltar was to discuss autonomy. - Collins Stewart buys Corazon Capital
Added 18 March 2010Collins Stewart has acquired Corazon Capital Group. - Management appointment at Royal London 360°
Added 18 March 2010Royal London 360° has enhanced its management team with the promotion of Andrew Dudgeon - DeVere to launch QNUPS
Added 18 March 2010DeVere is planning to launch a class of trust recognised as a Qualifying Non-UK Pension Scheme - LDF take-up remains slow
Added 17 March 2010Liechtenstein Disclosure Facility fails to attract HNWIs with funds overseas - Hinduja Bank wins full licence in Dubai
Added 17 March 2010Hinduja Bank (Middle East) has been approved to provide a full range of banking services in Dubai. - Fairbairn expands in London
Added 17 March 2010Fairbairn Private Bank is expanding its London operation with a recruitment drive - Guernsey Finance to set up QROPS code of conduct
Added 17 March 2010Guernsey Finance is planning to establish a voluntary code of conduct for QROPS providers. - UBS to recruit 400 staff in Asia
Added 17 March 2010UBS is planning to add 400 client advisers to its 1,000-strong team in the coming year - Ashmore launches emerging market funds
Added 17 March 2010Ashmore launches eight funds to take advantage of growing appetite for emerging markets. - No change to Cayman Islands tax regime
Added 16 March 2010The Cayman Islands has won a stay of execution on the thorny issue of direct taxation - UBS under further tax scrutiny
Added 16 March 2010UBS said authorities in the UK, Canada and Australia are investigating its wealth management arm. - OMAM gets Swiss approval
Added 16 March 2010OMAM has received approval to distribute its Irish-domiciled fund range in Switzerland. - Expats lose pensions claim in EU court
Added 16 March 2010EU court says UK may continue not to boost the state pensions of expat retirees in certain countries - AES wins first Dubai licence
Added 15 March 2010AES International has won its first licence in Dubai - News of chief minister talks ignites talk of independence
Added 15 March 2010Speculation follows Last Wednesday's meeting of Guernsey, Jersey and Gibraltar chief ministers - Newcits greatest risk is 'not living up to hype'
Added 15 March 2010One of the biggest threats to the growing Ucits hedge fund sector is it ‘not living up’ to its hype. - Irish Life bond issue raises €2bn
Added 15 March 2010Second Irish Life bond of the year raises €2bn. - Deutsche Bank beefs up offshore team
Added 15 March 2010Deutsche Bank has strengthened its offshore operations with three appointments - Decision on frozen state pensions of retired UK expatriates due Tuesday
Added 14 March 2010A court will rule on Tuesday whether the pensions of more than 500,000 UK expat should be increased - Skandia Int'l links with Concept Group
Added 12 March 2010Skandia International has agreed an exclusive tie-up with Concept Group to provide a QROPS. - SLI: No evidence to suggest GEM will outperform
Added 12 March 2010There is not enough evidence to suggest emerging markets will outperform in the near term. - London slips to tie with New York in latest (and last) Global Financial Centres Index
Added 12 March 2010London has fallen from first place to tie for 1st with New York in the latest global ranking - Baillie Gifford keen on emerging markets
Added 12 March 2010Emerging markets offer investors the best growth prospects, according to fund manager, Dominic Neary - Luxembourg’s Alfi plans June launch for Hong Kong office
Added 12 March 2010The Association of the Luxembourg Fund Industry in June will open an overseas office in Hong Kong - Chief ministers of Guernsey, Jersey and Gibraltar in talks
Added 11 March 2010The chief ministers of Guernsey, Jersey and Gibraltar held a rare meeting on Wednesday in Gibraltar. - Jersey Finance roadshow on way to Dubai, Abu Dhabi
Added 11 March 2010Jersey Finance officials are off to the UAE to promote the island's financial services in the Gulf. - Aegon Ireland launches protected fund
Added 10 March 2010Aegon Ireland has launched a protected growth fund following adviser demand for more certainty - SLI sees strong overseas sales
Added 10 March 2010SLI saw 80% of its net third-party inflows come from outside of the UK last year. - Lombard launches PPLI in UK
Added 10 March 2010Lombard International Assurance has become the first EU life company to launch a PPLI in the UK - Appleby replaces Maples as offshore’s largest law firm
Added 10 March 2010Appleby has overtaken Maples and Calder as the world’s largest offshore firm by partner numbers. - Expats rate Oz the best place to raise kids, UK scores ‘poorly’: HSBC Int'l survey
Added 10 March 2010Expats say Australia is one of the best places to raise kids if living abroad, HSBC Bank Int'l says - Barings launches MENA fund
Added 09 March 2010Barings is launching a fund that will invest in a potentially volatile region of the world - Cavendish continues expansion with new hire
Added 09 March 2010Cavendish Asset Management continues to expand with new sales appointment - BoA Merrill Lynch appoint offshore adviser
Added 09 March 2010BoA Merrill Lynch has appointed a financial adviser to cover UK clients in Switzerland. - Allan Bell moves to Economic Development in IoM reshuffle
Added 08 March 2010IoM Treasury Minister Allan Bell is to head up a new Economic Development department on the island - Guernsey funds post second quarter of growth
Added 08 March 2010Value of Gurnsey funds rose for a second consecutive quarter but fell over 12 months - Baillie Gifford Income Fund goes global
Added 08 March 2010Baillie Gifford Income Fund goes global - Offshore fund sales hit £1.6bn in UK last year
Added 08 March 2010Net retail sales of overseas-domiciled funds sold to investors in the UK totalled £1.6bn last year. - Tokio Marine Asset Management expands its business development team
Added 08 March 2010TMA appoints David O'Keeffee as vice-president, business development - Barclays Cap adds dollar class to ‘protected’ accounts series
Added 08 March 2010BarCap has introduced a dollar-denominated option in its latest range of structured products. - New US offshore tax evasion legislation ‘could reach Obama’s desk by May’
Added 08 March 2010A new US law which will crack down on Americans with unreported overseas income may soon be passed - Close International warns expats after Gains Cooper case
Added 05 March 2010Close is warning British expatriates to review their pension arrangements. - Time running out for offshore disclosure scheme
Added 05 March 2010The clock is ticking for people with offshore investments to put their affairs in order - Global bond funds continue to see inflows
Added 05 March 2010Global bond funds have continued to see heavy inflows this year, according to EPFR. - Malta’s regulator approves two pension schemes
Added 05 March 2010Malta’s regulator has approved two pension schemes, according to a notice on its website. - UAE restores licences of 14 insurance brokers
Added 05 March 2010Fourteen UAE insurance brokers have had their licences restored after having had them revoked. - ALC Health makes fourth hire for year
Added 05 March 2010ALC Health has promoted Tash Pearce as its head of operations with immediate effect. - OMAM to launch fund for Kerr
Added 04 March 2010Old Mutual Asset Managers (OMAM) is to launch a Dublin-domiciled absolute return fund for Luke Kerr. - Equity Trust beefs up sales team
Added 04 March 2010Equity Trust hires five new people to global sales team - Castlestone brings multi-asset fund into Ucits III structure
Added 04 March 2010Castlestone Management has launched a Ucits III compliant version of its multi-asset fund. - OBSR removes JPM JF India from service
Added 03 March 2010OBSR has removed the $2.5bn JPMorgan JF India fund from its fund rating service. - Barings puts five offshore funds on Cofunds
Added 03 March 2010Barings has made five of its offshore funds available on Cofunds - ICAEW opens office in Dubai
Added 03 March 2010The Institute of Chartered Accountants in England and Wales has opened an office in the DIFC. - Neptune partners with FEIFA
Added 03 March 2010Neptune Investment Management has joined FEIFA as a partner - India office seen step closer as Jersey Finance gets share of stimulus package
Added 02 March 2010Share of Jersey stimulus package may help Jersey Finance to open office in Mumbai - State Street to boost Dublin presence
Added 02 March 2010State Street Corporation is to open a new head office in Dublin by the end of this year. - CAAM funds rebrand as Amundi
Added 02 March 2010The CAAM Sicav range has been rebranded under the recently established Amunid Funds name - Close Brothers confirms withdrawal from Gibraltar bank deal with Marrache
Added 01 March 2010Close Bros has confirmed it withdrew last month from a plan to set up a bank in Gibraltar. - Prudential confirms AIA takeover
Added 01 March 2010Prudential to takeover AIA to become Asian powerhouse - BNP Paribas to merge Fortis Sicavs into range
Added 01 March 2010BNP Paribas Investment Partners is to harmonise the Sicav range it bought from Fortis last year - European money market funds saw outflows in 2009; Ucits funds rebounded, EFAMA data reveals
Added 01 March 2010European investment fund assets grew last year as investor confidence rebounded, EFAMA data shows. - Michael Foot, author of independent review into UK offshore centres, reveals empathy for their plight
Added 28 February 2010Report author Michael Foot reveals empathy for plight of beleaguered UK offshore financial centres - UK trading on "past glories"
Added 26 February 2010The UK is “trading on past economic glories” with a structural deficit higher than Greece or Spain - Liontrust to launch fund for Hollyman and Cornish
Added 26 February 2010Liontrust is set to launch a European fund for ex-GAM managers Ross Hollyman and Rob Cornish. - VAM gains FSA approval to market in UK
Added 26 February 2010VAM Funds, an overseas specialist, has gained FSA approval to market fund range in UK - Life companies strategise ahead of high-tax Britain
Added 25 February 2010Whichever party wins the next general election, most UK taxpayers will see an increase in tax. - Clydesdale Bank moves to Guernsey
Added 25 February 2010Clydesdale Bank International has moved all its processing and administration functions to Guernsey - F&C adds US Sicav to multi-manager and lifestyle funds
Added 25 February 2010F&C has added the Robeco US Premium Equities Fund across its multi-manager and lifestyle portfolios. - Dubai will recover but not soon, says Oxford Analytica
Added 25 February 2010Dubai's ability to recover should not be underestimated, according to Oxford Analytica. - JPM launches bond fund for Coleman
Added 24 February 2010JP Morgan Asset Management has launched a Luxembourg-domiciled Global Credit Bond Fund - Gaines-Cooper ruling makes QROPS more attractive, Guernsey provider says
Added 24 February 2010HNW Britons who live overseas have a greater incentive than before to move their pensions abroad - Nikko rolls-out World Bank-backed green fund
Added 24 February 2010Nikko Asset Management is to offer its World Bank Green Fund for European and Middle East investors - RBS and deVere announce link-up
Added 24 February 2010RBS and deVere have announced a strategic partnership for the distribution of structured products - Carne strengthens Dubai team
Added 24 February 2010Carne Global Financial Services has made two senior appointments in its Dubai operation - Close appoints offshore banking head
Added 24 February 2010Close has appointed Graham Sheward as MD for its banking businesses in Guernsey and the Isle of Man - LGI sales held back by Netherlands
Added 24 February 2010LGI reported a slight dip in new business sales, with a fall from £119m in 2008 to £115m in 2009 - GAM and Insynergy launch China fund
Added 24 February 2010GAM and Insynergy have partnered to launch the Dublin-domiciled Insynergy Absolute China Fund - Manx confidence remains buoyant
Added 24 February 2010Business confidence on the Isle of Man remains high despite the global financial crisi - Skandia international cuts senior sales team
Added 23 February 2010Skandia International has made two of its senior sales managers redundant following a review of its - Concerns over NZ's QROPS status quelled
Added 23 February 2010Fears New Zealand may follow Singapore in having its QROPS status removed have been quashed - AILO launches consultation on adviser commission
Added 23 February 2010AILO has launched a consultation for financial advisers on the future of IFA remuneration - Landsbanki Guernsey depositors told their claims ‘rejected’
Added 23 February 2010Landsbanki Guernsey depositors compensation claims rejected - London & Colonial to launch QROPS in Gibraltar
Added 23 February 2010London & Colonial is to go ahead with plans for its first-ever QROPS in Gibraltar - Redknapp in court on tax charges
Added 12 February 2010Tottenham Hotspur boss Harry Redknapp appeared in court yesterday charged with evading £40,000 tax v - Police move on Marrache, two arrested
Added 10 February 2010The offices of Gibraltar law firm Marrache & Co were raided by police yesterday and two of its top e - Absolute return bond fund from Liontrust
Added 10 February 2010Liontrust has unveiled details for its European-focused Credit Absolute Return Fund - Gibraltar FSC cancels licences of Marrache, citing breaches of legislation
Added 09 February 2010Gibraltar’s Financial Services Commission has cancelled nine licences of Marrache & Co, the well-known Gibraltar-based international law firm. The Gibraltar FSC said the decision followed an invest - Sants to leave FSA
Added 09 February 2010Hector Sants is to leave the FSA this summer after three years as its chief executive officer - GLG launches hedged version of Japan fund
Added 09 February 2010GLG Partners has launched a currency-hedged replica of its £698m Japan CoreAlpha - Parmenion adds Canada Life Int'l to its platform
Added 09 February 2010Parmenion, the provider of IFA platform services, has added the Canada Life International Premier Ac - IAM opens office in Madrid
Added 09 February 2010International Asset Management is opening an office in Madrid in a bid to expand its client base and - Aviva pulls out of Offshore bond business
Added 08 February 2010Aviva has pulled out of the offshore bond market after struggling against a "significant decline in - UK strikes new deal to buy stolen bank data in tax evasion battle
Added 08 February 2010Britain is to buy data stolen from a Swiss bank as it bids to track down more tax evaders - Global balance sheet repair will 'take years' and weigh on Asia's growth: Invesco guru Greenwood
Added 07 February 2010The fundamentals of balance sheet bookkeeping mean that there will be no quick return to the kind of growth most countries and businesses experienced in 2007 – even in Asia, according to Invesco chief - Malta issues re-domiciling guidelines
Added 05 February 2010The Malta Financial Services Authority has published guidelines on how to re-domicile offshore funds to its jurisdiction, after reporting growing demand from providers - Siddalls Spain joins deVere
Added 05 February 2010Siddalls Spain has joined the deVere Group following a management buy-out - CrossBorder to launch Ucits III version of Pulsar Alpha Fund
Added 04 February 2010CrossBorder Capital is launching a Ucits III version of its market-neutral Pulsar Alpha Fund at the beginning of next month - Advisers in UAE told to enforce anti-money laundering rules
Added 04 February 2010Financial advisers and insurers doing business in the United Arab Emirates have been told they must enforce anti-money laundering rules, and hire a compliance officer to ensure the rules are being adh - Neuberger Berman beefs up Asia-Pacific team
Added 04 February 2010Neuberger Berman Group has appointed Jason Henchman as Asia-Pacific chief operating officer - NatWest IPB launches ninth Autopilot Account
Added 04 February 2010NatWest International Personal Banking has launched the Issue 9 Autopilot Account. - Channel Island law firms to merge
Added 03 February 2010Channel-Island based law firms Mourant du Feu & Jeune and Ozannes have announced plans to merge in May this year, subject to regulatory approval - Investment managers fail to see risks of AIFM says BDO
Added 02 February 2010Investment managers are failing to perceive the risks associated with the European Union's Alternative Investment Fund Manager's directive, according to accountancy firm BDO - Chatfeild-Roberts takes over CIO role at Jupiter
Added 02 February 2010John Chatfeild-Roberts has been appointed chief investment officer of Jupiter Asset Management - FPI overhauls its Reserve Advance offshore bond
Added 02 February 2010Friends Provident International has completed an overhaul of its Reserve Advance offshore bond, adding new charging options and increased scope for fund rebates, among other changes - MPL granted South Korea distribution
Added 02 February 2010Managing Partners Limited has become the first company to receive authorisation to distribute life settlement products in South Korea - UK pension providers pushing for tax changes to reduce use of QROPS
Added 01 February 2010Efforts by UK pension plan providers to reduce the flow of pensions abroad have been revealed, after a major supplier of SIPPs said almost £500m of UK pension funds had been transferred offshore in th - Hong Kong insurance brokers advised to begin disclosing commissions
Added 01 February 2010Insurance intermediaries in Hong Kong are being advised that they should voluntarily disclose to their clients any commissions they receive from insurers, or risk violating the special administrative - Nucleus turns provider after buying insurer
Added 01 February 2010Nucleus Euro-Advisers, the Luxembourg-based pan-European financial adviser network, has turned product provider after buying an insurance company, and set its sights on challenging heavyweight rivals. - Equity Trust challenges QROPS decision
Added 01 February 2010Equity Trust, trustee of the Panthera ROSIIP pension fund, is taking the UK tax authority to court to challenge the removal of Singapore's QROPS status in May 2008 - 60 licences revoked as UAE tightens regulation
Added 01 February 2010The licences of more than 60 UAE insurance brokers have been revoked in a clamp down that advisers believe signals the beginning of a new era of increased regulation for their industry - RWC Partners unveils global absolute return fund
Added 01 February 2010RWC Partners is to launch a global equity absolute return fund that will focus on companies and industries that are innovative or that are changing rapidly - No 'immediate' changes to IoM zero-10 regime, says Bell
Added 29 January 2010The Isle of Man's Treasury Minister Allan Bell has said "no immediate changes" are planned to the island's tax regime. - Ogier expands into Asia
Added 29 January 2010Ogier is expanding into the Asian market in response to growing demand for Channel Island based legal and fiduciary services in the region - Vinum fine wine fund suspended
Added 29 January 2010The Guernsey-domiciled Vinum Fine Wine Fund has been suspended after it emerged fees and wine valuations had been incorrectly calculated over the past two years - IoM firm's clients to face £200m tax bill
Added 28 January 2010A High Court ruling has opened the floodgates for HM Revenue & Customs to seek £200m in unpaid income tax from 3,000 members of a tax avoidance scheme run by Isle of Man based firm Montpelier - Canada Life Int'l retains top financial strength measure
Added 28 January 2010Canada Life International (CLI) and CLI Institutional, the ultra high net worth operation of the same company, have both retained five-star financial strength rating from AKG, the actuarial consultanc - Quilter bolsters Jersey team
Added 28 January 2010Investment management firm Quilter has appointed Chris Scott and Jason Stolte as regional sales manager and investment manager respectively to be based in its Jersey office - M&G appoints bank relationship manager
Added 28 January 2010M&G has appointed Micaela Forelli as retail director of global banks relationship management - Suspended Fidelity managers named
Added 27 January 2010Fidelity International has suspended two portfolio managers in its Hong Kong office for a potential breach of a code of ethics - Efama, KPMG seeking clarification on how passported Ucits funds to be taxed
Added 27 January 2010As the 2011 implementation date for the Ucits IV directive approaches, European funds industry officials are seeking clarity on how profits generated by funds set up under the directive are to be taxe - Global fund assets mark fourth consecutive quarter of growth
Added 27 January 2010Global investment fund assets increased 6.2% during the third quarter of 2009 to reach €15.3trn by the end of September, marking the fourth consecutive quarter of positive net flows according to the E - Thames River unveils plans for property securities fund
Added 27 January 2010Thames River Capital is to launch a Dublin-domiciled Real Estate Securities Fund - Ioma announces new trading names for business divisions
Added 27 January 2010Ioma group has rebranded and launched individual trading identities for its pension and wealth management business divisions - Zurich launches Bahrain general insurance venture
Added 27 January 2010Zurich Insurance Company (Zic) has launched a general insurance business in Bahrain. - Armajaro launches commodity hedge fund
Added 27 January 2010Armajaro Asset Management is launching its fourth Cayman Island-domiciled commodity hedge fund for the institutional offshore market - If it’s February, this must be Moscow: Jersey Finance roadshow continues
Added 27 January 2010Jersey Finance, the marketing arm of Jersey's financial services industry, was barely back from its latest trip to China over the weekend when it unveiled its plans for the rest of 2010 -- which inclu - Fidelity suspends two Hong Kong managers
Added 26 January 2010Fidelity International has suspended two of its senior fund managers based in Hong Kong for a potential breach of its code of ethics - Mixed City reaction as UK economy emerges from recession
Added 26 January 2010The UK economy has finally emerged out of its longest recession since the Second World War, having grown by 0.1% in the last quarter of 2009 according to preliminary estimates - Butterfield steps-up Malta operations
Added 26 January 2010Butterfield has launched a new service following the formation of its Malta-based Corporate Services branch - KPMG: Aggressive revenue approach to non-dom tax returns could cause UK exodus
Added 25 January 2010Tax specialist KPMG has warned if the Revenue adopts an unduly aggressive or suspicious approach to tax returns due from non-doms at the end of this month it could cause many to leave the UK - CI banker calls for Jersey and Guernsey to work together
Added 25 January 2010A prominent Channel Island bank executive has called on Guernsey and Jersey to work more closely together, citing the "increasingly competitive global arena for financial services". - Natwest IPB launches stepped deposit account
Added 25 January 2010Natwest International Personal Banking has launched its fourth three-year fixed rate stepped deposit account - Investment managers launch Galileo Cap Management
Added 25 January 2010Investment managers Anders Jacobsen and Paul Thompson have launched global boutique investment management and advisory firm, Galileo Capital Management - China's GDP grows by 8.7% in 2009
Added 21 January 2010China's economy expanded 8.7% during 2009, exceeding the 8% full-year growth target set by its government - Warning for expat homeowners in northern Cyprus after UK court ruling
Added 21 January 2010The UK Court of Appeal has upheld a decision forcing a British couple to hand over their northern Cyprus home to its former owner who fled during the Turkish invasion of 1974 - Good life ‘turns sour’ for many expats in wake of sterling’s fall, survey finds
Added 21 January 2010Expatriate Britons are struggling to cope with the mostly weakening pound in a number of key offshore markets, a survey by foreign exchange provider Moneycorp has found, with those in Spain described - Double digit growth predicted for Middle East insurance market
Added 21 January 2010Nexus, the Dubai-based IFA firm, believes the market for insurance products in the Middle East is set for double digit growth in 2010 on the back of the uncertainty created by the financial crisis - Dubai FSA grant GMG licence
Added 21 January 2010Swiss-based family office GMG, part of G2 Group, has been granted a licence by the Dubai Financial Services Authority to operate an authorised firm from the Dubai International Financial Centre (DIFC) - Pru launches five OBSR-risk-rated fund-of-funds to give IFAs free expertise
Added 20 January 2010Prudential on Friday is launching a range of five actively-managed, risk-rated multi-asset fund-of-funds. - Standard Life fined £2.45m by FSA
Added 20 January 2010Standard Life has been fined £2.45m by the FSA for 'serious systems and controls failures' in relation to its Pension Sterling Fund, and says the fine signals its intention to crack down on regulatory - OECD hails 2009 as year of most progress in tax evasion fight
Added 20 January 2010More than 300 tax information sharing agreements were signed in 2009 by countries previously reluctant to open their affairs to international financial scrutiny, more than in any other year in the pre - Sterling hits four month high against euro
Added 19 January 2010Sterling hit a four month high against the euro today after a higher than expected rise in UK inflation data and mixed economic figures from the eurozone strengthened its position - Former Close MD banned from Jersey's financial industry after forging qualifications
Added 19 January 2010A former managing director of Close Wealth Management has been banned from working in Jersey's finance industry after being found to have forged her qualifications and for refusing to reveal her true - Prudential to discontinue insurance operation in Japan
Added 19 January 2010UK insurance giant Prudential said it will discontinue writing new business in Japan, effective next month, citing the "local business environment in Japan and other factors over the past year". - Royal London 360° appoints wrap relationship manager
Added 19 January 2010Royal London 360° has appointed Mike Lane as wrap relationship manager, a new role the firm created to meet increasing investor demand for wrap products - Canada’s McLean Budden in Dublin Ucits fund launch
Added 19 January 2010McLean Budden, the Canadian investment firm based in Toronto that is majority-owned by Sun Life Financial, has launched Ucits versions of five of its top-performing equity funds. - Abbey International offers 3.6% over 18 months
Added 19 January 2010Abbey International, the Jersey-based offshore banking arm of Banco Santander, has introduced an 18-month fixed rate deposit account paying 3.6% gross. - Hazel Capital launches cleantech equity fund
Added 18 January 2010Hazel Capital is launching a Dublin-domiciled Ucits III clean energy and technology fund - Standard Chartered appoints head of trust and fiduciary to oversee expansion
Added 18 January 2010Standard Chartered Private Bank plans to expand its trust and fiduciary operations beyond the existing Guernsey and the Cayman Islands bases. - Redknapp charges a deterrent say tax experts
Added 15 January 2010The charges brought against Tottenham Hotspur manager Harry Redknapp for tax evasion via an offshore account are a warning to those who continue to hide money from the UK authorities say leading tax e - Jersey companies apply for HKSE listing
Added 15 January 2010Applications have been made for the first Jersey companies to be listed on the Hong Kong Stock Exchange, ahead of a visit by Jersey Finance and representatives from its finance industry to China next - Spectre of fund taxation in offshore centres boosts Malta
Added 15 January 2010Malta has published new guidelines for redomiciling offshore funds to the Mediterranean island state, amid what it said was growing demand from providers for its services. - IoM launches tax consultation paper
Added 15 January 2010The Isle of Man Income Tax Division has published a consultation paper outlining proposals for the introduction of a new taxation regime for certain domestically sold investment products - Thames River adds Absolute Return FoF
Added 14 January 2010Thames River Capital has launched a Ucits III absolute return fund of funds for manager Ken Kinsey-Quick and assistant manager James Rous - Confidence on rise among trust and estate professionals
Added 13 January 2010Confidence within the trust and estate planning sector is recovering from all-time lows seen last winter, according to an industry body. - Appleby to open Guernsey base
Added 13 January 2010Offshore law firm, Appleby, is set to open a new office in Guernsey making it the only fiduciary and administration service provider with a foothold in eight of the world's leading offshore business c - DSP launches Ucits-compliant European fund
Added 13 January 2010Dalton Strategic Partnership is launching a Ucits-compliant version of its Melchior European fund - DIFC and Lux sign MoU
Added 12 January 2010The Dubai International Financial Centre and Luxembourg for Finance have signed a Memorandum of Understanding to promote industry development and regulatory cooperation between the two jurisdictions.. - NatWest launches first offshore Navigator structured product
Added 12 January 2010NatWest International Personal Banking is launching its Navigator Structured Deposit Account into the offshore market for the first time... - Pru partners with UOB in east Asia
Added 11 January 2010Prudential has entered into a partnership with Singapore's United Overseas Bank in an effort to boost its south-east Asian business... - Tax advisers criticise HMRC for low NDO response rate
Added 11 January 2010The 10,000 responses submitted to HMRC under the New Disclosure Opportunity which shut on Thursday 4 January is disappointingly low, say leading tax experts... - Investec adds three funds to GSF range
Added 11 January 2010Investec Asset Management has launched three Luxembourg-domiciled Ucits III funds within its Global Strategy Fund range... - Gibraltar reaches deal with UK government over Qrops
Added 11 January 2010The UK Treasury has agreed to recognise Gibraltar Qrops, following high level talks between Treasury officials and Gibraltar chief minister Peter Caruana, sources told International Adviser. A spokesm - Zurich names replacement Middle East CEO
Added 08 January 2010Zurich International Life (Zil) has announced the replacement of Carlos Sabugueiro, its former Middle East chief executive who unexpectedly left the firm last month (December). - New global fund launched by Veritas
Added 08 January 2010Veritas Asset Management is making its Dublin-domiciled global hedge fund available to offshore and UK retail investors for the first time... - SLI launches into Spanish market
Added 08 January 2010Standard Life Investments (SLI) has received public distribution status from the Spanish authority for 10 funds from its Luxembourg-domiciled Sicav fund range... - HMRC: 10,000 take up NDO
Added 07 January 2010HM Revenue and Customs has revealed around 10,000 people have notified them of their intention to disclose undeclared offshore income and gains under its new disclosure opportunity (NDO)... - Royal London appoints Malaysian sales consultant
Added 07 January 2010Royal London 360° has appointed Steve Noon as regional sales consultant for Malaysia to help build and maintain relationships with IFAs based in the region... - Lombard restructures to create private wealth team
Added 06 January 2010Luxembourg-domiciled Lombard International Assurance has restructured its operations to create a Private Wealth Solutions and Marketing department. - Italy extends Scudo Fiscale to April
Added 06 January 2010The Italian Government has extended the deadline for its offshore tax amnesty, the Scudo Fiscale, to April and introduced a sliding scale for penalties based on when disclosures are made. - Long-running Alhamrani case in Jersey ends in settlement
Added 06 January 2010The long-running case involving members of a wealthy Saudi Arabian family who sued JPMorgan (Jersey) Trust Co was quietly settled out of court in September, it has been learned. - Barclays Cap launches FTSE 100 linked structured products
Added 06 January 2010Barclays Capital has launched two structured products providing protected exposure to the FTSE 100 Index, for use within both offshore and UK onshore life insurance wrappers. - FEIFA membership grows as body plans first conference
Added 06 January 2010Membership of FEIFA, the trade body that represents English-speaking IFAs operating in Europe, has grown to almost 150 in less than six months. - Schroders appoints Bottero as head of Italian property
Added 05 January 2010Schroders has named ex-Hines investment manager Marina Bottero to head up property fund management at its Italian division, with immediate effect. - Cayman Gov't outlines immigration incentives
Added 05 January 2010The Cayman Islands' Government has confirmed it is considering implementing a number of immigration incentives to avoid an exodus of foreign investment professionals based on the island... - Middle East visit for Luxembourg royal
Added 05 January 2010The Crown Prince of Luxembourg is preparing to visit Bahrain and Dubai next week in a bid to encourage greater investment from UAE fund managers into Luxembourg-domiciled funds. - Focus turns to Liechtenstein as accountants report limited take-up of offshore tax ‘amnesty’
Added 04 January 2010As the midnight deadline for HM Revenue & Customs' New Disclosure Opportunity approached today, tax experts said attention was turning to the government's other, less onerous offshore tax “amnesty”, f - Bell expected to avoid touching Zero-10
Added 30 December 2009When Isle of Man treasury minister Allan Bell unveils his budget in February, in which he must deal with an unanticipated £90m income shortfall caused by the ending of a customs revenue-sharing agree - Jersey’s funds industry NAV falls more than 17% in Q3; bank deposits also slip
Added 30 December 2009The net asset value of funds administered in Jersey fell by 17.7% in the third quarter, after an undisclosed company on the island took a decision “to restructure certain functions carried out in rela - Clydesdale Bank Int’l reports growth despite Guernsey deposits fall
Added 29 December 2009Clydesdale Bank International, the National Australia Bank Group division that opened a deposit-taking arm on Guernsey in April, reported "significant growth" in the third quarter of 2009, even as ban - Seven in 10 continental Britons pondering return to Blighty
Added 28 December 2009A survey of expatriate Britons living in Europe found almost three-quarters (70%) are considering returning to the UK. - Isle of Man may protest to UK on end of reciprocal health agreement, paper says
Added 27 December 2009A top Isle of Man government official is seeking an "urgent meeting" with UK secretary of state for health Andrew Burnham, according to an IoM press report that says he will seek to challenge Britain' - Friends Provident acquires German distribution partner
Added 23 December 2009Friends Provident Group, since last summer owned by Resolution, is to buy its German distribution partner. - British ex-pats lose £2 million in ‘sham investment scheme’
Added 22 December 2009Five men have been jailed after using independent financial advisers based offshore to attract investments for their fraudulent commercial property loans business, the Serious Fraud Office said today. - Guernsey bank deposits fall in third quarter
Added 22 December 2009Bank deposits in Guernsey fell by 3.5% in the third quarter of 2009 and 11.8% from the same time a year earlier, the Guernsey Financial Services Commission reported, citing a significant decline in Sw - Irish eyes smile on rival jurisdictions’ hedge funds
Added 21 December 2009Ireland has introduced legislation aimed at encouraging hedge funds domiciled in other jurisdictions to move to Dublin, a move that was welcomed by the Irish Funds Industry Association. - Resolution’s Friends Provident to buy its German distribution partner
Added 18 December 2009Resolution, the parent company of Friends Provident, said today that Friends Prov is to buy Financial Partners Business AG, its German distribution partner. The price was not disclosed. - Landsbanki Guernsey administrators announce third distribution
Added 17 December 2009The joint administrators of the Guernsey branch of the failed Icelandic bank Landsbanki said a third distribution to creditors of between 11 and 12.5p in the pound will take place in January. - Centurion launches first-ever ‘macro/micro longevity fund’
Added 17 December 2009Centurion Fund managers has obtained regulatory approval in Luxembourg for what it said is the first open-ended fund to combine macro and micro longevity life settlement exposure. - UK politician blasts CI, IoM governments for ‘breathtaking silence’ over UK scrapping of reciprocal health agreements
Added 16 December 2009A crusading UK politician is calling for the UK to rethink its plans to scrap its reciprocal health agreement with the Isle of Man, but says he is “bewildered” by the Isle of Man government’s “breatht - Aviva re-opens euro property fund
Added 16 December 2009Aviva Investors has re-opened its European Property Fund for dealing, having been closed for more than a year originally due to liquidity issues.
The fund temporarily suspended dealing on 4 - Zurich International Life's top man in the Middle East defects for rival
Added 16 December 2009Carlos Sabugueiro, Zurich International Life's Dubai-based chief executive for the Middle East and Africa, has quit the role after just over a year in post. - UK MP calls for UK intervention to ensure ‘full compensation’ for all KS&F Isle of Man depositors
Added 16 December 2009UK MPs are being asked to support an early day motion which blames the collapse of Kaupthing Singer & Friedlander's Isle of Man operation on the FSA's decision to revoke the Icelandic bank's UK deposi - Standard Life Investments offers multi-asset target return strategy to Australian investors
Added 16 December 2009Standard Life Investment's (SLI) Global Absolute Return Strategies (GARS) 'solution' has been made available to Australian investors. - Sterling is the X-pat factor, as cash-strapped Britons abandon the Eldorado dream
Added 15 December 2009UK expats are increasingly throwing in the beach towel on their expatriate dreams, as the weak pound has sent the cost of living in the eurozone soaring, according to recent data from reallymoving.com - Royal London 360° provides Paragon investors with new fund options
Added 15 December 2009Royal London 360°, the offshore life arm of the Royal London Group, has added nine new funds to its Paragon international regular premium bond product. The additions follow a recent review by RL36 - Royal London 360° pulls trust from market after PBR ban
Added 14 December 2009Royal London 360 has pulled one of its trusts from the market after it was hit by the government's closure of an IHT loophole. - ‘Foot Review’ author Michael Foot to speak at event in Isle of Man
Added 14 December 2009Michael Foot, the author of a major independent review of British offshore financial centres for the UK Treasury published in late October, will speak at a Manx State of the Nation Conference next mon - Jupiter launches China Sustainable Fund in Sicav
Added 11 December 2009Jupiter Asset Management has launched a China equity fund into its Luxembourg Sicav - 10 months after first considering the move. - 'Draconian' 200% tax penalty for offshore evaders
Added 09 December 2009A 200% penalty will be imposed on tax evaders with offshore bank accounts who fail to declare under the New Disclosure Opportunity (NDO), it was announced in the Pre-Budget Report today (Dec 9th). - Budget reveals anti-tax evasion and avoidance measures, plus 50% bonus tax
Added 09 December 2009UK Chancellor Alistair Darling today unveiled the 2009 Pre-Budget Report, in which he said new measures to tackle tax avoidance and evasion would be implemented, as well as a 50% tax on any bonus wort - Expats like their online access, and are increasingly fickle, ALIL survey finds
Added 09 December 2009Expatriates place a high value on being able to access their bank accounts online, according to a recent survey, with 42% of those surveyed saying they considered this the most important factor in det - Jersey executives in launch of int'l business school
Added 09 December 2009A new international business school will open its doors next month in Jersey, a project in which a number of well-known Jersey financial executives are involved. - ‘Foot Review’ author Michael Foot to speak at Guernsey, Isle of Man events in February
Added 09 December 2009Less than four months after signing off on his independent review of British offshore financial centres for the UK Treasury, Michael Foot will address representatives from two of those jurisdictions, - Tax and financial transparency essential to future of offshore centres, says IoM
Added 09 December 2009A high-ranking Isle of Man civil servant has backed ongoing moves to increase financial transparency and tax standards, branding them "essential for continued economic development and sustainability" - Single premium offshore bond sales continue to drop but regular business improves
Added 09 December 2009The UK's single premium offshore bond market continued its negative trend in the third quarter, with sales almost 50% below last year's level, according to data from the Association of British Insurer - MediCare International has ‘winter sale’ on individual health policies
Added 08 December 2009Just in time for the holidays, MediCare International is offering a 10% discount on individual international health insurance policies taken out between now and the end of January. - Canada, Australia and Thailand top HSBC survey of expats; UK is near bottom
Added 07 December 2009Most expatriates report enjoying a better quality of life in their new country, with Canada, Australia and Thailand coming out tops in a recent survey. But expats living in Britain said their acco - Multi-asset fund from Armstrong Investment Managers
Added 07 December 2009Armstrong Investment Managers has launched a Dublin-domiciled multi-asset fund. - Euro finance ministers fail to reach EUSD agreement
Added 07 December 2009European finance ministers failed to reach political agreement on the extension of the EU Savings Directive (EUSD) at a summit last week. - Guernsey’s Moulton in comeback with Better Capital vehicle
Added 03 December 2009Jon Moulton, one of Guernsey's best-known business executives and one of the private equity industry's most outspoken figures, has returned with a new business following his surprise resignation from - 215 hedge funds fold in first 10 months of 2009
Added 03 December 2009Some 215 hedge funds closed in the first 10 months of 2009, according to the latest data from monitoring service eHedge. - Central London CISX-listed property fund seeks 100% return in five years
Added 03 December 2009The London Central Recovery Fund - a closed-ended Channel Islands Stock Exchange-listed structure that aims to generate a 100% return in five years - closes to investors at the end of December. - HMRC confirms 70% tax bill for QROPS invested in residential property
Added 02 December 2009QROPS that have invested in residential property face a tax bill of up to 70% after HMRC issued fresh guidance on scheme rules. - Mourant to be acquired by Boston’s State Street
Added 02 December 2009Boston-based State Street Corporation is to acquire Jersey's Mourant International Finance Administration in an all-cash deal that State Street says is aimed at boosting its global alternative asset a - Senior financial figures join Globaleye advisory board
Added 02 December 2009Globaleye, the Dubai-based IFA firm, has created an advisory board of senior financial services professionals, including lawyers, bankers and asset managers. - EU court ruling seen to favour non- Spain sellers of Spanish properties pre-2007
Added 02 December 2009Non-Spanish citizens who sold Spanish properties before 2007 may be in line to recoup hundreds of thousands of pounds in overpaid taxes. - Clock ticks on Italian tax amnesty
Added 02 December 2009Italy's third offshore amnesty in seven years, the Scudo Fiscale, closes on 15 December and those with undeclared assets have been urged to take advantage of the opportunity to pay a one-off 5% tax to - Ucits funds see third quarter of net inflows, led by Luxembourg; Italian funds stage return
Added 01 December 2009Ucits funds posted net inflows for the third consecutive quarter in the three months to the end of September. Luxembourg accounted for 68% of third-quarter net sales and 43% of the year-to-date total, - Malta gains QROPS approval
Added 30 November 2009Malta has become the latest country to gain QROPS recognition from the HMRC following months of negotiations. The development means Malta-domiciled pensions schemes that are approved by the Malta F - Australia is latest gov't to unveil ‘amnesty’ on offshore earnings
Added 30 November 2009Australia's Tax Office is encouraging people to "come forward and make disclosures" about their offshore financial affairs, joining Britain, the US, Italy and other governments currently seeking to br - Dubai debt concerns sparks market sell-off
Added 27 November 2009The still fragile nature of the world's stock markets was shown this week as investors sold down Dubai-related securities on the back of negative news surrounding the region's flagship, gove - NDO extended to give tax dodgers more time
Added 27 November 2009HMRC has extended the deadline for people with undeclared offshore accounts to come forward under its New Disclosure Opportunity. It has moved the cut off date from November 30th to January 4th. - New offshore funds regime takes effect on Tuesday
Added 26 November 2009After more than two years of consultation and discussion by HMRC and the investment funds industry, a new regime covering the way UK investors' holdings in offshore funds are taxed will take effect on - Channel Islands trusts attacked by Austrian minister ahead of crunch EUSD talks
Added 26 November 2009The Channel Islands trust industry has come out fighting in response to an attack by Austria's finance minister, who reportedly accused providers of promoting investor secrecy. - OECD confirms drop in tax revenues across member states
Added 26 November 2009Tax receipts across OECD countries fell an average of half a per cent of countries' GDP in 2008, according to new figures. - Fidelity's Bolton to move to Hong Kong to run China fund
Added 26 November 2009Fidelity luminary Anthony Bolton is to make a shock return to fund management, to run a China fund set for launch at the end of Q1 2010. - Advisers back AILO commission discussions but question motives
Added 26 November 2009International IFAs, many of them members of International Adviser's Intermediary Panel, have broadly welcomed news that offshore life companies may review product remuneration structures. - Dalton launches lower-risk version of its global asset allocation funds
Added 26 November 2009Dalton Strategic Partnership has launched a lower-risk version of two existing global asset allocation funds, in an effort to cater for conservative investors who nevertheless desire exposure to a glo - Head of Dubai financial centre replaced with Emirates NBD’s Al Tayer
Added 24 November 2009The head of the Dubai International Financial Centre has been replaced in what is being described as a strategic re-positioning related to continuing financial issues in the emirate. - Cayman Islands raises $312m in first-ever int’l bond placement
Added 23 November 2009The Cayman Islands has raised $312m (189m) in its first-ever placement on international bond markets, as it seeks to put its finances in order after a recent budget crisis while avoiding the introduct - Australian parliamentary committee recommends more transparency, changes to advisers' compensation system
Added 23 November 2009A new report on Australia's financial services industry calls for greater transparency on the part of advisers about the commissions they receive, and the eventual development of an “appropriate mecha - Soc Gen opens wealth management office in Bahrain
Added 23 November 2009Société Générale is joining the growing number of European banks targeting Middle Eastern and Asian markets, with the opening of a new wealth management office in Bahrain. - Providers unite to form Structured Products Association
Added 19 November 2009Morgan Stanley, Citi and Credit Suisse are among the names behind a new Structured Products Association formed to inform and educate about these "misunderstood" and "misrepresented" investments. - HMRC faces fresh QROPS legal challenge
Added 18 November 2009London & Colonial Assurance, an insurance, pension and investment company, may mount a legal challenge against HMRC over its apparent opposition to QROPS schemes based in its domicile, Gibraltar. - Saga of KS&F(IoM) collapse plays out in Tynwald
Added 18 November 2009Hearings into the October 2008 collapse of the Isle of Man branch of Iceland's Kaupthing Singer & Friedlander bank have captured the attention of IoM residents and KS&F(IoM) depositors, many of whom f - Killik appoints new Dubai head
Added 18 November 2009Killik & Co, the only independent financial adviser regulated by the Dubai Financial Services Authority (DIFC), has appointed a new Middle East chief executive. - AILO chairman Morgan-Moodie hands over reins to take on CEO role
Added 18 November 2009The Association of International Life Offices (AILO) has elected a new management committee. Alan Morgan-Moodie has stood down as chairman of the organisation after six years in order to take up th - Adviser commission to come under insurer scrutiny
Added 18 November 2009AILO – the trade body for international life companies – may launch a probe into the future of adviser remuneration amid growing worldwide financial services regulation. - IHT warning from Axa IoM chief
Added 18 November 2009Axa Isle of Man’s chief executive Kevin Dean has warned advisers of the risks of overlooking IHT planning in the belief it is no longer an issue for UK tax residents. - Managers of Australia’s superannuation funds agree new industry standards
Added 17 November 2009A new set of standards aimed at giving Australian consumers more transparency in the purchase and holding of their 'superannuation' investment funds has been agreed by the industry, and welcomed toda - Jupiter launches US equity Sicav
Added 17 November 2009Jupiter has launched a US equity fund into its Luxembourg Sicav range. The North American Equities Sicav fund is managed by Sebastian Radcliffe, using a similar strategy to that he employ in Jupite - Fry Group names Martin Wright to head new Kuala Lumpur office
Added 17 November 2009Martin Wright, who has been in charge of the Fry Group's Singapore office since 2007, has been named to head up the UK-based financial advisory firm's new Kuala Lumpur office as well. - Friends Prov Int’l stresses recent growth as it posts 24% slide in new business in first three quarters
Added 16 November 2009Friends Provident International managing director Rocco Sepe said confidence is returning tothe company's main markets following the "cataclysmic" market conditions in late 2008 that weighed heavily o - Turkey’s Akbank gets DIFC license
Added 16 November 2009Akbank, Turkey's largest bank by market value, has received a license to operate from the Dubai International Financial Centre, becoming the DIFC's first Turkish bank. - Singapore now on OECD white list with signing of 12th tax agreement
Added 13 November 2009Singapore today moved onto the Organisation for Economic Cooperation & Development's 'white list', with the signing of a tax information exchange protocol with France. It is the Southeast Asian city-s - Invesco de-registers funds from South Africa
Added 13 November 2009Invesco Perpetual, the home of Britain's most popular investment fund, is "reluctantly" de-registering its fund range in South Africa, citing regulations that would prevent it from appointing differen - SEB Asset Management offers three-fund Ucits-compliant Sicav range to UK retail market
Added 11 November 2009SEB Asset Management, the asset management arm of Stockholm-based Skandinaviska Enskilda Banken, is launching three Luxembourg-domiciled Ucits compliant funds, available in three risk categories, into - NDO a "dead duck" as uptake fails to materialise
Added 11 November 2009The UK New Disclosure Opportunity (NDO) has so far failed to attract significant numbers of undeclared offshore accounts, according to tax advisers, some of whom have criticised HMRC for failing to pu - De Vere to swell UK-based adviser ranks sixfold
Added 11 November 2009International financial advice firm de Vere Group plans a sixfold increase in its ranks of UK-based advisers and the opening of a new London base of operations. - Blacktower to expand with offices in Nice, Rome and Middle East
Added 11 November 2009Blacktower Financial Management Group, the UK and Gibraltar-based international advisory firm, is to open offices in Nice, France and the Middle East – as well, possibly, Italy – as it looks to cater - STEP unveiling its first-ever qualification for IFAs
Added 11 November 2009The Society of Trust and Estate Practitioners is unveiling its first-ever qualification programme for financial advisers, as it seeks to broaden its educational mandate across the financial services s - First details of Jersey’s new depositors’ compensation scheme revealed
Added 09 November 2009Jersey's banking industry will bear 'the majority' of the cost of the island's new depositors' compensation scheme, with the States 'making up any shortfall', the Jersey Chief Minister's office revea - HMRC’s YouTube video featuring Hartnett gets roasted by Telegraph
Added 05 November 2009A YouTube video urging British taxpayers to come clean about their offshore accounts and featuring HMRC's David Hartnett has been nominated as one of YouTube's "most boring" by a Daily Telegraph write - Review of Guernsey’s banking industry recommends 'more diversified' banking system
Added 05 November 2009A review of Guernsey's banking industry by former UK MP Lord Hunt recommends that the island diversify its range of banking services to reduce its risk, particularly with respect to deposit gathering. - Standard Bank Offshore launches two stock index-linked products
Added 04 November 2009Standard Bank Offshore, the Jersey-based arm of Johannesburg's Standard Bank Group, is launching two sets of structured products that offer potential for returns linked to major stock market indices. - Barclays Capital’s latest protected deposit accounts give ‘protected’ FTSE 100 exposure
Added 04 November 2009Barclays Capital has unveiled its latest protected deposit accounts, which again offer savers "protected exposure" to the FTSE 100 Index, over either a three-year or five-year investment period. - Jersey Parliament may address depositor compensation scheme today
Added 04 November 2009The Jersey States Assembly may vote as soon as today on a draft depositors' compensation scheme (DCS) drawn up to protect the island’s retail depositors. - Italian crackdown on tax evasion hits Switzerland, which ends double-taxation treaty talks
Added 04 November 2009Talks between Italy and Switzerland aimed at agreeing a double taxation treaty have collapsed after Italian tax authorities raided 76 branches of Swiss banks in northern Italy last week, chilling rela - Jersey Parliament expected to consider depositor compensation scheme on Tuesday
Added 02 November 2009The Jersey States Assembly tomorrow is expected to consider a draft depositor compensation scheme drawn up to protect the island's retail depositors. But its approval is not the foregone conclusion it - Tax Justice Network names Delaware/the US the world’s most secretive jurisdiction
Added 02 November 2009The Isle of Man may be "a tax haven sitting in the middle of the Irish Sea", as UK chancellor Alistair Darling controversially observed last year, but the UK's own City of London is even more secretiv - New L&C EU Sipp gives greater flexibility to UK expats
Added 30 October 2009London & Colonial, the Gibraltar-based and EU-regulated insurance company, has launched a self-invested personal pension scheme that is designed to enable expatriate Britons and others to include resi - Final Foot report sets out recommendations for UK government and its offshore financial centres
Added 29 October 2009Michael Foot's long-awaited final review of British offshore financial centres, released today, sets out a detailed and balanced framework for the governance of Britain's three Crown Dependencies and - One week on, Isle of Man contemplates a future on its own three legs, after UK puts boot in
Added 28 October 2009The Isle of Man's financial sector is voicing cautious optimism that the industry may be little affected by a proposed overhaul of the island's customs revenue-sharing agreement with the UK. - Asian fund market to grow 50% in five years
Added 28 October 2009Asia’s funds industry has been forecast to grow by almost 50% in five years and may overtake the US the Europe in assets under management in 20 years, according to a report from Lipper FMI. - Stenham appointment to spearhead Caribbean sales
Added 28 October 2009Stenham, the fund of hedge funds provider, is seeking to expand its distribution in the Caribbean after appointing a full-time consultant based in the region. - AIFM directive's proposed redraft gives hope to alternative funds industry
Added 28 October 2009Sweden’s proposals to redraft sections of the controversial EU directive on Alternative Investment Fund Managers have been met with relief by the UK and offshore funds industries. - Collins Stewart launches fund of absolute return funds
Added 28 October 2009Collins Stewart Fund Management (CSFM) has launched a Ucits III Dublin-domiciled fund of absolute return funds.
The Alternative Strategies Fund will seek to return 6% to 10% a year by inves - De Blonay re-enters Jupiter's orbit
Added 28 October 2009Jupiter Asset Management is to be reunited with financials guru Guy de Blonay, who has agreed to re-join the firm in January from Henderson New Star. - Credit Suisse launches ETF range into Italy and plans another in Germany, as part of new pan-European strategy
Added 27 October 2009Credit Suisse is expanding its Xmtch ETF range - previously available only in Switzerland - into Italy, as part of a plan to offer exchange-traded funds to retail and institutional investors throughou - Schroders launches Ucits III hedge fund platform with Egerton fund
Added 22 October 2009Schroders is launching a platform for Ucits funds that it says will give investors easier access to hedge fund expertise. The first fund on the new platform will be a long/short equity fund manage - Gibraltar joins OECD tax information exchange ‘white list’
Added 22 October 2009Gibraltar has joined the Organisation for Economic Cooperation & Development's so-called 'white list', with the signing of tax information exchange agreements on Tuesday with Finland, Greenland and th - Shock and disbelief in Isle of Man as ending of reciprocal health agreement talk adds to woes over revenue loss news
Added 21 October 2009One day after learning their government's budget was being slashed by a quarter by the UK, residents of the Isle of Man today are hearing what the end of a reciprocal health arrangement with Britain m - Luxembourg’s Alfi reaching out to investors with plans for Hong Kong office, website
Added 21 October 2009The Association of the Luxembourg Fund Industry will open a "representative" office in Hong Kong early next year and launch a new website, as it seeks to reach out more to investors of products sold b - ABI calls on European Commission to change how investment products are sold
Added 21 October 2009The Association of British Insurers has called on the European Commission to deliver a framework for removing remuneration bias and make other changes in the way retail investment products are sold. - IMA may classify offshore funds ‘from 2010’
Added 21 October 2009The Investment Management Association, the trade body for the UK asset management industry, says it is "looking at the possibility" of adding offshore funds to its sector classifications from next yea - Thames River adds two Ucits-compliant credit sub-funds to Dublin umbrella
Added 21 October 2009Thames River Capital, the London-based boutique asset manager, this Friday will launch two Ucits III-compliant credit funds designed to give investors differing degrees of risk exposure across both th - Isle of Man faces £90m cut in revenue from UK, minister tells Tynwald
Added 20 October 2009Changes to the Revenue Sharing Arrangement between Britain and the Isle of Man will result in a reduction of as much as £90m in income to the island for the financial year 2010/2011, "with that figur - Qatar National Bank-owned Ansbacher pulling out of Channel Islands after 38 years
Added 19 October 2009Ansbacher, the UK bank purchased in 2004 by Qatar National Bank, is to leave the Channel Islands after 38 years there. - BIBA amends travel insurance to protect against airlines, travel agents going bust
Added 19 October 2009The British Insurance Brokers' Association (BIBA) has amended its flagship travel insurance policy to protect independent travellers against the risk of airlines and "end suppliers" of travel products - Guernsey, Jersey officials on promotional tour of Asia
Added 19 October 2009Officials and business leaders from Guernsey and Jersey have embarked on simultaneous trips to key Asian financial centres in an effort to raise their respective islands' profiles as global financial - Crown Dependencies, under pressure, are reviewing ‘zero-10’ corporate tax regimes
Added 16 October 2009The three UK Crown Dependencies are to review their "zero-10" tax regimes, in response to pressure from higher tax rate countries in the European Union. - Netherlands, Australia top new pensions league table; UK fifth
Added 16 October 2009The Netherlands has the best pension system of 11 major countries surveyed, according to a new survey that ranked Australia second and the UK fifth. - Jupiter launches Global Equities Sicav to offer global market exposure
Added 14 October 2009Jupiter Asset Management has launched a sub-fund of its Luxembourg-domiciled Jupiter Global Fund, to be managed by Malcolm Millar and Ben Surtees. - Jersey companies approved for Hong Kong listing
Added 14 October 2009Jersey companies have been approved for listing on the Hong Kong Stock Exchange, a move the Channel island described as a "significant development" for its finance industry. - Confusion reigns as HMRC denies reports of new tax amnesties
Added 14 October 2009HMRC has denied reports there will be more offshore disclosure deals for tax evaders after Dave Hartnett, UK Permanent Secretary for Tax, was quoted as saying negotiations for a number of country-spec - Report: China replaces UK as home to world’s fourth-largest HNWI population
Added 14 October 2009China's population of high net worth individuals last year surpassed that of the UK to become the fourth largest in the world, behind the US, Japan and Germany, a new report on Asia-Pacific wealth tr - More than one-fourth of RBS Coutts staff in Singapore quit
Added 13 October 2009Almost a third of the staff of RBS Coutts in Singapore have quit, and sources there say some are thought to be planning to take jobs with BSI, a Switzerland-based private bank owned by the Generali in - Prudential International adds 1% to Prudence, ahead of new fund launch
Added 12 October 2009Prudential International is boosting the allocation rate offered for all investments contained in its International Prudence Bond range by 1%, beginning today, as it unveils a new PruFund Cautious Fun - Nedgroup offers JPMAM-run fund to South African investors
Added 09 October 2009Nedgroup Investments, the Isle of Man-based fund management arm of South Africa's Nedbank Group, has launched a global cautious managed fund for the South African market, run by JPMorgan Asset Managem - UK knocks US off top place in global ranking of financial centres
Added 09 October 2009Britain has replaced the United States at the top of the latest ranking of global financial centres in spite of concerns that its appeal, relative to certain other centres, is waning. - Commission disclosure edges closer in Hong Kong
Added 07 October 2009Hong Kong's regulator, the Securities and Futures Commission (SFC), is to push ahead with proposals to make intermediary commission disclosure mandatory as part of a wider beefing up of its investor p - Landsbanki depositors stage protest in Guernsey
Added 07 October 2009Depositors who lost money in Landsbanki Guernsey held a protest outside the island’s Government House today (Oct 7), a year to the day after the bank collapsed. - RBC Wealth Management ramps up Asian operations
Added 07 October 2009Royal Bank of Canada has consolidated its Far Eastern operations under a single brand, RBC Wealth Management Asia, and appointed a president and chief executive of the newly unified business. - Investors continue to pile into Ucits funds as confidence returns
Added 07 October 2009Net inflows into Europe-domiciled Ucits funds reached €38bn in July, contributing a 4% rise in Ucits and non Ucits assets over the month, according to the European Fund and Asset Management Associatio - New sovereign-backed Islamic investment firm for Dubai
Added 07 October 2009A new Islamic investment manager, Fajr Capital, backed by several sovereign wealth funds has launched in Dubai. - Tax evaders can now disclose online, says HMRC
Added 07 October 2009HMRC has warned tax evaders they face "much higher penalties" and "full investigation" if they fail to come forward under the New Disclosure Opportunity (NDO), through which fines in most cases will b - Axa IoM becomes part of new business unit in restructure
Added 06 October 2009Axa Isle of Man has come under the control of a new “strategic unit”, Axa Wealth, after a restructuring of the company’s UK operations. - Castlestone unveils Ucits III global macro fund
Added 06 October 2009Castlestone Management has launched a Dublin-domiciled Ucits III version of its global macro fund, a multi-asset product providing exposure to a range of investments, including hedge funds and commodi - Neptune looks to exploit international opportunities
Added 05 October 2009Neptune Investment Management has embarked on an ambitious international expansion plan, kicking off with the establishment a series of fund links with Skandia International. - Enhance Investments launches due diligence service for managers
Added 02 October 2009A new service aimed at helping investors to better understand the risks involved in the management of their portfolios has been launched by a Jersey-based consultancy, Enhance Investments. - HSBC to offer banking services in IoM Post Offices
Added 02 October 2009HSBC is to provide local banking services in Post Office branches in five locations on the Isle of Man, the Isle of Man Today website reports. - ALIL and Bradford & Bingley Int’l name new directors, post 20% deposit growth
Added 01 October 2009Alliance & Leicester International (ALIL) and Bradford & Bingley International (BBIL) have appointed two new directors to their boards, in what appears to be the clearest sign yet that their parent, S - HMRC issues fresh guidance on Liechtenstein
Added 01 October 2009HMRC has issued fresh guidance over the suitability of using the Liechtenstein Disclosure Facility (LDF) versus New Disclosure Opportunity (NDO) after complaints that a lack of clarity could lead tax - Aberdeen Asset Management establishes office in Sao Paulo
Added 01 October 2009Aberdeen Asset Management has established an office in Sao Paulo, Brazil, and is moving its emerging markets equities investment manager, Nick Robinson, there to head it up. - Leeds Building Society in Gibraltar offers expats UK depositor protection – and euro savings accounts
Added 01 October 2009Leeds Building Society has unveiled a new range of euro-denominated savings accounts aimed at Gibraltarians and UK expatriates living in Spain. In the process, it has revealed a way some expats may ob - Threadneedle completes Sicav restructuring ahead of international push
Added 30 September 2009Threadneedle, the UK fund manager, is to extend its distribution into new Asian and European markets following completion of the restructuring of the World Express Sicav fund range. - Europeans pay more for their funds: Lipper research
Added 30 September 2009Europeans pay more for their investment funds than US investors do, owing to higher distribution fees and other costs, according to a report by Lipper FMI, the funds research organisation. - PJ Hayman unveils first-ever international medical tourism insurance
Added 30 September 2009PJ Hayman, the specialist travel insurance provider, has introduced coverage that pays policyholders for medical costs and other expenses that arise from their elective treatment abroad. - Skipton Int’l opens doors for first time today in Guernsey as Scarborough CI enters history
Added 28 September 2009Guernsey residents are waking up to find a new name on their high street today, as Skipton International opens its doors. - Survey: Hong Kong and Singapore join London and New York as 'global leaders'
Added 23 September 2009Hong Kong and Singapore have joined London and New York as "global leaders" in the financial centre firmament, according to the authors of a recent ranking of world financial centres. - Guernsey funds drop again
Added 23 September 2009Guernsey’s funds sector is continuing to feel the pinch from the economic downturn, with net asset value in closed and open-ended locally domiciled structures having fallen more than 21% at the end of - Habits of the world's "future wealthy" identified in report
Added 23 September 2009The Indian Sub-continent is home to the most financially ambitious of the world’s “future wealthy”, with people there believing they need to accrue more than $9m to achieve their goals, a study has fo - UK tax authorities to investigate Lloyds offshore operations after BBC report
Added 21 September 2009Lloyds Banking Group is to be investigated by UK tax authorities following allegations by a BBC Panorama programme that it was encouraging wealthy individuals to avoid taxes by investing offshore. - Pru Int’l unveils online 'calculator' to help UK IFAs understand offshore bonds
Added 18 September 2009Prudential International has whipped the wraps off a new online function aimed at helping UK IFAs to understand and tailor offshore bonds to accommodate their individual clients' needs. - Jupiter and de Vere in distribution deal
Added 17 September 2009Jupiter Asset Management has entered into a "strategic alliance" with de Vere & Partners, the international IFA firm. - Gibraltar QROPS administrators unilaterally hold off transfers, pending HMRC clarification
Added 17 September 2009Administrators of QROPS in Gibraltar are holding off transfers of funds of UK clients into their pensions pending resolution of a tax query raised by HMRC. - Landsbanki Guernsey to take legal action against Iceland
Added 16 September 2009The administrators of Landsbanki Guernsey are preparing to take their case to Iceland, in the event they are unsuccessful in their efforts to maximise returns for depositors caught up in the bank's co - MediCare Int’l launches more extensive health plan for expats and their families
Added 16 September 2009Medicare International, the London-based provider of private medical insurance to expatriates, has launched a more extensive health insurance package aimed at working and retired expatriates of all na - Natwest International unveils new Autopilot Account
Added 16 September 2009NatWest International Personal Banking (IPB) has launched the eighth version of its Autopilot Account, which offers 100% capital protection and exposure to four asset classes. - Jupiter creates Asia sales role
Added 16 September 2009Jupiter Asset Management has created a new role of Asia Pacific sales director, appointing Singapore-based David Conway, formerly Royal Skandia's local regional manager, to the role. - Singapore clamps down on investment sales
Added 16 September 2009The Monetary Authority of Singapore (MAS) is to clamp down on the way investment products are sold and marketed. - IMF issues long-awaited report cards on Jersey, Isle of Man
Added 14 September 2009International Monetary Fund officials today issued their long-awaited assessment of the financial health of the Isle of Man and Jersey, following visits to the Crown Dependencies last September and No - FSA fines UK firm for advice on offshore bonds
Added 14 September 2009The FSA has fined a Kent IFA £14,000 after more than 20 clients were 'unsuitably' advised to redeem offshore bonds and invest in new ones, netting nearly £100,000 commission for the firm. - DIFC licence for Mena absolute return house
Added 14 September 2009Gulfmena Alternative Investments, a Middle East North Africa region absolute return fund house, has received an asset management licence from the Dubai International Financial Centre (DIFC). - UK residential property Sicav goes on the market
Added 10 September 2009Garratt Property Group is boldly targeting an aggregate return over five years of 70% to 100% with its first Sicav, Residential Property Fund. - Jersey Parliament expected to give final approval to draft depositor compensation scheme next month
Added 09 September 2009The Jersey States Assembly is expected to give final approval to a draft depositor compensation scheme on 20 October. - Make advice tax deductible to boost take-up, Australian government told
Added 09 September 2009Fees paid for financial advice should be fully tax-deductible in order to encourage more people to consult professional advisers when arranging their financial affairs, an association representing the - Jersey rejects claims it will seek UK bailout to plug deficit
Added 09 September 2009Jersey has denied it is suffering similar financial problems to the Cayman Islands, which has had a request to increase borrowing denied by the UK government. - Switzerland agrees to exchange tax data with UK
Added 09 September 2009Switzerland has agreed a tax information protocol with the UK, as it moves to reinvent itself ahead of the next G20 symposium in a little over two week's time. - Standard Chartered launches private banking services for HNWIs in Taiwan
Added 09 September 2009Standard Chartered has begun offering private banking services in Taiwan to high net worth individuals with investable assets of more than $1m. - VAM Funds ramps up distribution strategy
Added 09 September 2009VAM Funds has ramped up its distribution capabilities, creating a new director of sales role and appointing a Far East-based distribution partner. - Sweden critical of proposed EU regs on alternative funds as Myners meets with lawmakers in Brussels
Added 07 September 2009British and American critics of the European Commission’s draft directive aimed at regulating alternative investment funds gained an important and not-unexpected ally, after Swedish policymakers reco - Abbey In’tl boosts sterling rates for account holders
Added 07 September 2009Abbey International (AI) has boosted the interest rates it pays to sterling customers of its so-called Gold current accounts. - Guernsey Finance’s Niven speaks out on his Resolution, F&C directorships
Added 04 September 2009Guernsey Finance chief executive Peter Niven told International Adviser on Friday that he did not see a conflict in his role as a non-executive director of Guernsey-domiciled Resolution – the company - Expat parents think their children gain from living abroad: NatWest International study
Added 04 September 2009Children whose parents take them abroad to live are typically reluctant, at first, to leave their friends and the security of their home culture and language. But data compiled as part of a larger rep - Decision awaited in expat pension battle
Added 03 September 2009Thousands of expatriate Britons now await a decision by European human rights judges in Strasbourg that will affect how much state pension they are to receive in years to come, following a key hearing - OECD proclaims 'revolution' in tax evasion battle
Added 03 September 2009The OECD has claimed a "revolution" in its bid to eradicate tax evasion through banking secrecy, saying it will soon add "teeth" to measures designed to ensure members deliver on promises to share fin - SWIP launches GEM funds and UK active extension product in Sicav
Added 02 September 2009Scottish Widows Investment Partnership (Swip) has launched four funds into its Luxembourg Sicav, three with emerging market strategies and the fourth a UK equity 140/40 portfolio. - Jupiter hands Surtees onshore Asian fund
Added 02 September 2009Jupiter's Ben Surtees has taken over management of the firm's £46m Asian Fund from Philip Ehrmann, who will focus solely on the China Fund. - Advisory firm IFS opens for business in Qatar
Added 02 September 2009IFA firm International Financial Services (IFS) has opened a Qatar office, its first outside the Far East. - IMA sales of overseas funds rocket in July
Added 02 September 2009Sales of overseas-domiciled funds in the UK market leapt in July, the Investment Management Association(IMA) reported, touching their highest monthly total since it began publishing data in 2007. - Vistra sells stake to private equity firm to fuel growth
Added 02 September 2009Vistra, the Geneva-based international trust and corporate services provider with roots and offices in London and Jersey, has sold a majority stake to IK Investment Partners, a Scandinavian private eq - Payday on Friday for IoM Kaupthing depositors
Added 02 September 2009Friday will be payout day for savers hit by the collapse of Kaupthing Singer & Friedlander (Isle of Man). - Britannia Int’l launches new issues of two capital guaranteed bonds
Added 01 September 2009Britannia International, the Isle of Man-based offshore subsidiary of what is now known as the Co-operative Bank, has launched a second issue of its six-year Guaranteed Capital Bond, and an eighth iss - Friends Prov Int’l launches protection plan for greater Hong Kong market
Added 26 August 2009Friends Provident International (FPI) has launched a protection plan that aims to provide Hong Kong residents with insurance against the financial consequences of premature death, terminal illness, cr - UK single premium offshore bond sales collapse in Q2
Added 26 August 2009Single premium offshore bond business into the UK collapsed in the second quarter of the year, falling 56% compared the same period in 2008, according to figures released by the Association of British - Hong Kong intermediaries daunted by compliance deadline for new regs
Added 26 August 2009Hong Kong insurance brokers and intermediaries are scrambling to meet a September 30th compliance deadline for new guidelines aimed at boosting the protection of consumers buying insurance products. - IoM Kaupthing depositors to get first payment next week
Added 25 August 2009Depsitors caught by last October’s collapse of the Isle of Man’s branch of Kaupthing Singer & Friedlander will receive their first dividend from the bank’s liquidator next Friday. - Regulator says SFC licence not needed to sell fund-linked insurance products in Hong Kong
Added 25 August 2009The Securities and Futures Commission (SFC), which regulates Hong Kong's stock and futures markets, has declared that insurance intermediaries and brokers do not require an SFC investment advisers' li - HSBC enters European ETF market with FTSE tracker
Added 24 August 2009HSBC launches its first European exchange traded fund tomorrow, which will be Dublin-domiciled and listed on the London Stock Exchange. - Standard Life Int'l adds structured deposits to International Bond
Added 21 August 2009Standard Life International has added a series of structured deposit accounts to its offshore bond. - HMRC clarification of Liechtenstein 'amnesty' leaves tax experts puzzled
Added 20 August 2009Advisers have urged HMRC to clarify details of the Liechtenstein Disclosure Facility (LDF), amid claims tax cheats could switch assets to the principality to secure less punitive treatment than under - UBS agrees to hand over account details to IRS
Added 19 August 2009UBS has agreed to disclose the names and account details of more than 4,450 Americans it suspects of evading tax to the US Internal Revenue Service (IRS). - Royal London 360° unveils unit-linked whole of life protection product
Added 19 August 2009Royal London 360° has this week expanded its product range with the launch of a unit-linked whole of life protection policy called LifePlan. - Au revoir New Zealand, Australia: UK expats prefer France, Halifax Int’l says
Added 19 August 2009Au revoir New Zealand, oubliez Australia: when it comes to leaving the UK to settle somewhere else, Britons still prefer France, according to new data from Halifax International. - Most euro offshore accounts paying less than ECB rate
Added 19 August 2009Most offshore euro-denominated savings accounts are paying less than 1% interest - below that of the European Central Bank (ECB) - according to research from Investec Channel Islands. - Credit Suisse launches Mena Sicav
Added 19 August 2009Credit Suisse has launched a Ucits III Middle East and North Africa (Mena) region fund in its Luxembourg Sicav. - TIEAs mount as G20 meeting approaches
Added 19 August 2009Monaco and San Marino, two low-tax European microstates, have agreed a tax information exchange agreement (TIEA), as the number of such treaties by offshore jurisdictions mounts ahead of a scheduled m - HMRC: Liechtenstein tax amnesty not open to abuse
Added 18 August 2009UK taxpayers with undeclared offshore assets who are planning to come forward under the New Disclosure Opportunity tax ‘amnesty’ will not be able to halve their liability period by moving their wealth - Vam launches Asia fixed income fund
Added 17 August 2009Vam Funds has launched a Ucits III Asia fixed income fund in its Luxembourg Sicav. - FPI adds volatility funds
Added 17 August 2009Friends Provident International (FPI) has launched a trio of funds designed for volatile stock market conditions. - Britannia launches new issue of its Guaranteed Capital Bond
Added 13 August 2009Britannia International has launched a new issue of its Guaranteed Capital Bond, which will pay a fixed return of up to 5% a year over six years provided the FTSE does not fall below 75% of its starti - HMRC wins case for access to 308 banks’ offshore accounts
Added 12 August 2009More than 300 financial institutions have been ordered to hand over details of customers with offshore accounts after HM Revenue & Customs won so-called production orders against them. - Australia tweaks taxes for overseas investors in bid to boost fund inflows
Added 12 August 2009Australia has made a number of changes to the way foreigners who invest in its mutual funds are taxed in a bid to make the sector more attractive to international investors and has mooted several more - de Vere & Partners buys Programmes for Wealth International
Added 12 August 2009De Vere and Partners, the international IFA firm, has bought web-based investment broker Programmes for Wealth International (PWi), its latest acquisition following the purchase of what was Financial - International life sector braces for consolidation after Friends Prov takeover
Added 12 August 2009Friends Provident International (FPI) has suggested a fresh round of consolidation in the offshore life industry may begin in the next 18 months as new owner Resolution seeks out more takeover targets - BNY Mellon snaps up Insight for £235m
Added 12 August 2009Insight Investment has been sold to BNY Mellon in a £235m deal by parent company Lloyds Banking Group. - UK agrees tax evasion deal with Liechtenstein
Added 11 August 2009UK authorities have agreed an unusual deal with Liechtenstein that offers British tax evaders with accounts there limited penalties in exchange for accounts disclosure. - Friends agrees to Resolution takeover
Added 11 August 2009Friends Provident is to be taken over by Clive Cowdery's Resolution Holdings after the board of FTSE 100 insurer backed the Guernsey-domiciled investment vehicle's latest 1.86bn bid. - Landsbanki depositors to receive further 25%
Added 10 August 2009Landsbanki Guernsey depositors have been told they will receive a further 25% of their money back by early next year at the latest. - Canada Life Int'l adds protected gold fund, extends extra allocation offer
Added 07 August 2009Canada Life International (CLI) has added a new capital protected version of the Julius Baer Physical Gold Fund to its offshore bond proposition. - New European IFA association sets out its goals
Added 06 August 2009Helping IFAs cope with the growing regulatory burden in the EU will be a “major goal” for Feifa, the new trade association for financial advisers based in Europe. - BLME launching shariah-compliant money market Sicav for professional investors
Added 05 August 2009Bank of London and the Middle East (BLME) has launched what it says is Europe's first Shariah-compliant money market fund. - EU expansion for Equiom with Cyprus operation
Added 05 August 2009Equiom, the Isle of Man headquartered trust company, has opened a Cyprus operation. - Financial Partners splits to survive recession
Added 05 August 2009Financial Partners, the offshore financial adviser with over US $1bn under advice, has sold its Japanese operation and is splitting into a network of independent regional businesses in a cost-cutting - RBC cees unveils brace of Guernsey QROPS
Added 05 August 2009Guernsey–based RBC Corporate Employee & Executive Services (cees), part of Royal Bank of Canada, has launched two QROPS offering varying degrees of investment flexibility and benefits. - Cofunds adds Thames River offshore funds to platform
Added 05 August 2009Cofunds has added four offshore Thames River funds to its platform, in a further sign of the growing acceptance of overseas domiciled funds among UK investors. - Lloyds TSB Int'l overhauls Bonus Saver Account
Added 05 August 2009Jersey-based Lloyds TSB International has overhauled its International Bonus Saver Account with a new introductory rate allowing savers to earn 2.5% gross interest in the first year. - Friends Prov spurning of Resolution shines spotlight on Cowdery’s Guernsey structure
Added 03 August 2009Friends Provident's "thanks but no thanks" to Resolution's £1.7bn takeover bid last month shone a spotlight on the structure of Clive Cowdery's Guernsey-domiciled acquisition vehicle. - New Guardian Managers fund gives investors exposure to UK building societies
Added 03 August 2009Guardian Managers, a London-based fund management company which specialises in real estate funds, is launching what it says is the first collective investment fund to focus on the shares of the UK's 5 - Standard Life Investments’ Sicav range added to German platform
Added 31 July 2009Moventum, the Luxembourg-based fund marketing company, has added Standard Life Investments' Luxembourg-domiciled Sicav fund range to its platform in Germany, SLI said today. - Legg Mason's Miller fund opens to UK
Added 31 July 2009Legg Mason is to open its LMCM Opportunity Fund to UK investors. The Dublin-domiciled fund is managed by well-known Bill Miller and is modelled on his Opportunity Trust, a US-domiciled fund which l - Tax advice must go global, says Step report
Added 30 July 2009Financial planners and wealth managers have been warned they must provide ever more sophisticated tax planning to meet the increasingly complex needs of high net worth individuals (HNWIs). - Bank of Scotland International unveils 8% income product
Added 29 July 2009Jersey-based Bank of Scotland International has launched the third tranche of Portfolio Plus, a five-year FTSE 100 linked structured product offering returns of up to 8% a year. - UBS sued by HK woman for £15.8m-plus loss, according to reports
Added 29 July 2009A 77-year-old Chinese woman is suing UBS in Hong Kong's High Court for allegedly having been misled into investing in risky structured products that caused her to lose more than HK$200m (£15.8m, $25.8 - Ignis swoops on New Star Henderson European sales team
Added 29 July 2009Ignis Asset Management has brought in a five strong European sales team, led by Philip Goldsmith, New Star’s former head of international distribution. - HMRC formally unveils disclosure scheme; offshore account holders targeted
Added 29 July 2009HM Revenue & Customs has formally unveiled the details of its so-called New Disclosure Opportunity (NDO), the tax body's latest -- and it says last -- effort to bring UK investors into the tax-paying - Australia’s ANZ to distribute FPI’s Global Portfolio in Singapore
Added 29 July 2009Friends Provident International has signed an agreement with Australia New Zealand Banking Group(ANZ) under which the banking group will distribute FPI's Global Portfolio single premium insurance bond - Thomas Roiz named to head RBC Suisse’s Latin American HNW business
Added 29 July 2009RBC Wealth Management, part of the Royal Bank of Canada, has named Thomas Roiz to head up its RBC Suisse Latin America business, based in Geneva. - Lehman Bros Minibond saga in Hong Kong nears end, as banks agree on HK$6bn buyback
Added 23 July 2009Some 16 Hong Kong banks have agreed to spend more than HK$6bn ($774m, £469.5m) to buy back Lehman Brothers Minibonds from eligible customers. - Rush to OECD ‘altar’ continues, as more countries agree TIEAs
Added 22 July 2009Ten countries have announced the signing of five tax information exchange agreements (TIEAs) so far this month, as the global move towards greater tax transparency continues – though at a slightly slo - IMG Europe launches Mediterranean expat health plan
Added 22 July 2009IMG Europe, a subsidiary of US-based health insurer International Medical Group, has created a policy for expats and local nationals in Spain, Cyprus, Portugal, Malta, Greece and Gibraltar. - FPI rolls out Middle East protection plan
Added 22 July 2009Friends Provident International (FPI) has launched a company protection plan for businesses in the Middle East. - Meteor unveils five year plan paying 7.25%
Added 22 July 2009Meteor Asset Management has launched a five year income plan for international investors paying 7.25% gross annual interest. - Abbey International launches 'Income Accelerator' structured deposit
Added 21 July 2009Abbey International has launched a five year structured savings account, with interest paid every six months and linked to the performance of three equity indices. - Irish funds industry strengthens ties with China
Added 20 July 2009The Irish Funds Industry Association (IFIA) has forged closer links with China after agreeing to exchange regulatory and industry information and collaborate in “areas of common interest”. - Pictet launches US value fund
Added 20 July 2009Pictet Funds has launched a Luxembourg-domiciled US value equity fund, which is managed by Susan Byrne, Mark Freeman and David Spika of US-based asset manager Westwood Management. - Jersey legislators back bank compensation scheme
Added 17 July 2009Jersey has moved a step closer to introducing a depositors’ compensation scheme after its legislators voted ‘in principal’ for the measure. - Simon Massey to head up combined CleriMed/Scot Wids sales force
Added 17 July 2009Simon Massey, who joined Scottish Widows in January from Norwich Union, has been named to head up the newly-combined Clerical Medical/Scottish Widows sales force. Massey is in charge of the 295-str - Full repayment by September for majority of Kaupthing IoM depositors
Added 16 July 2009More than three quarters of depositors in collapsed Isle of Man bank Kaupthing Singer & Friedlander (KFSIOM) will receive all their money back by early September, the Manx Government said today. - EEA makes TLP fund redemptions easier – and is rewarded with inflows
Added 15 July 2009EEA Fund Management has changed the rules covering redemptions from its Life Settlements Fund, by introducing a "wider gate" option that makes it easier for investors to withdraw their money. - MPL's traded life fund added to Hansard platform
Added 15 July 2009Managing Partners Limited's Traded Policies Fund has been made available through Hansard International's Portfolio Bond.
All share classes of the Cayman Islands domiciled fund, th - RWC reveals US Absolute Alpha fund details
Added 15 July 2009RWC Partners has announced details of its US Absolute Alpha Fund, a Luxembourg-domiciled Ucits III equity long short vehicle to be run by the recently hired Mike Corcell. - M&G launches Guernsey Strategic Corporate Bond Fund
Added 15 July 2009M&G, the UK fund manager, has launched a Guernsey domiciled version of its £1.3bn Strategic Corporate Bond Fund. - Standard Chartered unveils Aussie expat wealth service
Added 15 July 2009Standard Chartered Private Bank has launched an investment and financial planning package for Australian expats based in the UK and continental Europe. - Sarasin unveils sustainable property fund
Added 14 July 2009Sarasin has re-positioned its Luxembourg-domiciled Real Estate Equity Fund as a sustainable property vehicle, with a new investment remit taking into account socially responsible and environmental con - Investec re-launches Global Franchise Fund in Luxembourg
Added 13 July 2009Investec has re-domiciled and rebranded its $77m Global Select Equity Fund, moving it from the UK to Luxembourg and calling it the Investec GSF Global Franchise Fund. - FPI targets Middle East bancassurance sector
Added 13 July 2009Friends Provident International (FPI) has created a new head of bancassurance role for the Middle East in order to service the “growing sector”. - UK tax evaders have until October to come clean, warns HMRC
Added 10 July 2009UK taxpayers with undeclared offshore bank accounts have been given a two-month period - ending on October 31 - to notify HM Revenue & Customs (HMRC) of their intention to pay any tax owed. - Singapore bans 10 finance houses from selling structured notes
Added 10 July 2009Singapore’s financial regulator, the MAS, has slapped bans on the sale of structured products on ten financial institutions involved in the Lehman Brothers mini bonds scandal. - Bridport launches funds of ETFs
Added 10 July 2009Bridport, a Jersey-based investment manager, has launched a range of funds of ETFs that aim to deliver absolute returns. - Thames River Capital unveils Africa fund
Added 10 July 2009Thames River Capital is targeting 15% plus returns per annum with its latest Cayman Islands-domiciled multi-manager vehicle, Africa Focus Fund, led by Ken Kinsey-Quick. - Barclays Capital’s latest guaranteed deposit accounts give ‘protected’ FTSE 100 exposure
Added 10 July 2009Barclays Capital has unveiled its latest deposit accounts; three-year and five-year products that offer protected exposure to the FTSE 100 index. - PricewaterhouseCoopers retained as KSFIoM liquidator
Added 10 July 2009Kaupthing Singer & Friedlander (Isle of Man) depositors have voted to retain PricewaterhouseCoopers as liquidator of the stricken bank. - Axa IoM launches multi-asset fund for offshore bonds
Added 07 July 2009Axa Isle of Man has launched a fund exclusively for its offshore bond investors providing dynamic exposure to five asset classes. - Castlestone swoops on Picasso and Warhol artworks
Added 07 July 2009Retail investors can own a share of works by Pablo Picasso and Andy Warhol after Castlestone Management bought pieces by the artists for its Collection of Modern Art Fund. - Offshore wealth managers with US clients face new SEC regs
Added 06 July 2009Banks and other wealth managers in the UK and elsewhere are increasingly ending their relationships with American clients, in response to new and proposed measures aimed at cracking down on the use of - Residency warning for UK expats with onshore bank accounts
Added 06 July 2009Ex-pat Britons who maintain existing onshore accounts with UK banks, or who open new ones, are being warned that they could be building a case for HM Revenue & Customs to argue that they are still res - SLI adds Sicav range to MFEX platform
Added 02 July 2009Standard Life Investments (SLI) has made its Luxembourg domiciled fund range available to Nordic investors through the MFEX Mutual Fund Exchange. - RWC seeks distributor status for Cayman hedge funds
Added 01 July 2009RWC Partners is to apply for distributor status for its Cayman domiciled hedge fund range to make it tax-efficient for UK investors. - Hedge fund attrition rate slows to 6% in 2009
Added 01 July 2009The hedge fund attrition rate appears to be slowing, though the universe has shrunk by some 6% this year, according to new data. - Canada Life Int'l hires Axa's Armstrong, adds gold fund
Added 30 June 2009Canada Life International (CLI) has hired Axa Isle of Man's former technical and proposition director Mark Armstrong as head of operations. - Appleby to become world’s largest offshore law firm
Added 29 June 2009Appleby, the offshore law firm with roots in Bermuda, is set to become the world’s largest offshore legal specialist, measured by partner numbers, when it completes a merger with Isle of Man-based Dic - Luxembourg reported to ECJ for Savings Directive breach
Added 26 June 2009Luxembourg has been reported to the European Court of Justice for refusing to meet obligations imposed on it through the European Union Savings Directive (EUSD). - UK traded life fund in move to Brussels as US clarifies on withholding tax profits
Added 24 June 2009Policy Selection Ltd, which manages what it says is the UK's largest traded life policy fund, is moving its assets to Brussels from the Cayman Islands as it seeks to protect investor returns. - Merrill Lynch Capgemini: world’s wealthiest suffer heavily in 2008
Added 24 June 2009Last year was a dire one for the world's population of high net worth individuals (HNWIs), whose wealth plunged by nearly a fifth and whose numbers declined by 14.9%, according to the 13th annual Worl - Skandia rolls out new product for Singapore
Added 24 June 2009Skandia International has expanded its Singapore product offering. - Expats in the UK among worst hit by global downturn
Added 24 June 2009Almost half (44%) of expats living in the UK are considering returning home due to the deteriorating economic conditions, a survey by HSBC Bank International has found. - Isle of Man unveils tax transparency measures
Added 24 June 2009The Isle of Man is to introduce automatic exchange of information to comply with the European Union Savings Directive (EUSD). - Sanctions agreed on countries that ignore OECD tax standards
Added 23 June 2009Ministers meeting in Berlin today to discuss ways of enticing countries into sharing data for tax purposes agreed that sanctions should be imposed on those that do not, but did not say when such measu - Six Irish Sicavs in Vanguard’s index tracker fund launch
Added 23 June 2009Vanguard, the low-cost US-based index tracking fund specialist, has today launched six Ireland domiciled Sicav funds. - Liontrust snaps up GAM's Hollyman
Added 22 June 2009Liontrust Asset Management has recruited GAM's Ross Hollyman to be at theforefront of a new equities business, Liontrust Global Investment Services. - Jean-Baptiste de Franssu new head of EFAMA
Added 19 June 2009Jean-Baptiste de Franssu, chief executive of Invesco Europe, has been elected president of the European Fund and Asset Management Association (EFAMA). De Franssu, who had been vice president of the - Standard Bank Offshore launches stock index-linked products
Added 19 June 2009Standard Bank Offshore Group, the Jersey-based arm of Johannesburg's Standard Bank, is launching two sets of structured products that offer growth potential linked to a choice of three major stock ind - Another expat survey finds New Zealand tops in quality of life
Added 18 June 2009Another survey of UK expats has found they rate New Zealand as the best place to live outside Britain in terms of quality of life, standard of living and cost of living abroad. - Gibraltar’s 10% corporate tax rate still ‘go’ for next July
Added 18 June 2009Gibraltar's 10% flat corporate tax rate is still on schedule to be introduced in July 2010, despite the consultation paper on the matter possibly being postoned until the autumn, according to governme - Jersey bank and fund assets fall
Added 17 June 2009Deposits in Jersey's 46 licensed banks fell by almost 5%, and the net asset value of the jurisdiction's more than 1,400 funds fell 12.5%, confirming end-of-year expectations of Jersey officials. - FPI adds sophisticated fund tool to online offering
Added 17 June 2009Friends Provident International has added a tool to its online portfolio planner, the Dynamic Portfolio Planner International. The Portfolio Forensics Report, as it is called, will allow advisers a - Dubai boosting supervisory scrutiny, in response to market changes
Added 16 June 2009The Dubai regulators have unveiled a raft of initiatives aimed at boosting the supervision of authorised firms in the jurisdiction. The jurisdiction claims it is joining the shift towards greater - AIC to Treasury: UK benefits from its offshore centres
Added 15 June 2009The UK benefits from the presence of its offshore financial centres, and HM Treasury should support their continued operation, the Association of Investment Companies says. - Landsbanki depositors to seek delegates' attention during Commonwealth conference
Added 15 June 2009Individuals who lost money when the Guernsey branch of Iceland's Landsbanki bank collapsed are hoping to take advantage of the presence of a Commonwealth conference on the island, which begins today, - Gibraltar economy grew 9% in ’08, bucking downturn
Added 12 June 2009The economy of Gibraltar grew by 9% last year, provisional data shows, bucking the global downturn. - Jersey signs TIEA with Australia
Added 12 June 2009Jersey has signed a Tax Information Exchange Agreement (TIEA) with Australia, bringing its total to 14. The Channel Island crown dependency now has the same number of TIEAs in place as the Isle of - BlackRock to acquire BGI
Added 12 June 2009BlackRock has agreed to acquire Barclays Global Investors (BGI), including the iShares ETF platform, in a deal worth $13.5bn (£8.2bn). - Privy Council okays Jersey foundations
Added 12 June 2009As expected, Britain's Privy Council has given the go-ahead to Jersey's proposed foundations law. This means the first Jersey foundations could be up and running by the end of July, according to Clive - Pimco unveils Ucits III bond fund
Added 10 June 2009PIMCO, the US-based fixed income specialist, has launched a Dublin-domiciled fund with a go-anywhere remit designed to capitalise on the changing dynamics of the global economy. - Expatriate mortgage market picks up
Added 10 June 2009The expatriate mortgage market is stirring back to life, with lenders re-entering the market and others offering better rates and larger loan to value ratios, in a fresh sign credit markets are return - Keydata placed in administration
Added 08 June 2009Keydata Investment Services, the structured products and venture capital trusts purveyor with operations in Reading, London and Glasgow, has been placed in administration on insolvency grounds. - Further details on HMRC’s latest Disclosure Op revealed
Added 08 June 2009UK taxpayers who come forward to declare undisclosed offshore accounts to HMRC will pay a fine equal to 10% of the total unpaid tax owed -- providing they have not failed to take up a previous opportu - Lloyds TSB added to BBA’s website link for expats
Added 05 June 2009A link to the offshore website of Lloyds TSB has been posted on a new British Bankers’ Association (BBA) web page aimed at helping UK expatriates to obtaining onshore UK accounts. - French property tax changes boost Channel Islands and Manx investment sectors
Added 05 June 2009Investors with assets domiciled in the Channel Islands and Isle of Man are set to benefit from the scrapping of a “prohibitive” French property tax law. - ALIL fixed-term one-year ‘tracker’ bond links to BoE base rate
Added 04 June 2009Alliance & Leicester International, the Isle of Man-based offshore arm of Santander, has launched a one-year tracker bond that will be linked to the Bank of England's base rate, and pay up to 3% above - RWC hires Corcell ahead of US long/short launch
Added 03 June 2009RWC Partners, the specialist boutique fund manager, plans to launch a US long/short equity fund. - Schroder unveils global currency fund
Added 03 June 2009Schroder Investment Management has launched a global currency fund in its Luxembourg Sicav. - Spellman: money to Kaupthing IoM depositors should flow in “a few months”
Added 03 June 2009Depositors caught up in the Kaupthing Singer & Friedlander (Isle of Man) collapse last October should begin to get their money back “a few months” after the “imminent” sending out of “invitations to c - Isle of Man businesses remain confident, survey finds
Added 03 June 2009A survey of Isle of Man business executives across a range of industries has found high levels of confidence about the year ahead on the island, in spite of the global economic downturn. - Aegon replaces 5 for Life with product offering age-related income
Added 02 June 2009Aegon is to shelve its flagship 5 for Life retirement plan, replacing it with a product offering age-related income guarantees. - OECD begins new crackdown on 'super wealthy'
Added 02 June 2009A global drive spearheaded by the OECD to stamp out tax evasion among the "super wealthy" has begun, with offshore centres once again in the spotlight as a key focus of the initiative. - US tax ruling deals blow to TLP market
Added 02 June 2009Returns from some offshore traded life policy funds could be cut significantly following a ruling by the US Internal Revenue Service. - Fund manager Thames River makes five investment hires
Added 02 June 2009Thames River Capital has expanded its Global Credit and European Equities capability with five key appointments. Stephen Drew and Simon Ulcickas have joined as senior fund managers for the Global C - HSBC targets Gulf investors with first sukuk fund
Added 02 June 2009HSBC Global Asset Management is launching its first-ever sukuk fund, as it seeks to attract Middle Eastern investors with exposure to a selection of regional and international sukuk. A six-week off - BBA web link for expats keen on onshore accounts
Added 01 June 2009In response to keen interest from UK expatriates, the British Bankers' Association has added information on its website aimed at helping them to obtain obtaining onshore UK accounts. - Guernsey asks its finance industry to begin contributing to marketing costs
Added 01 June 2009Guernsey has opened a discussion into ways of funding the body that markets its financial industry, and is likely to move to a system whereby companies would pay an annual fee equivalent to £75 per em - Banks, insurers move in, as UK/Jersey health deal ends
Added 01 June 2009Since the first of April, residents of Jersey who have become ill while visiting the UK have had to pay for certain healthcare services that they would have received free at any point during the prece - Gibraltar to hold a funds and wealth management seminar
Added 29 May 2009The government of Gibraltar, in conjunction with the territory’s financial services industry, will hold a seminar in June in London to showcase what Gibraltar has to offer the international funds and - Banks, insurers move in, as UK/Channel Islands health deal ends
Added 29 May 2009Since the first of April, residents of Jersey who have become ill while visiting the UK have had to pay for certain healthcare services that they would have received free at any point during the prece - Kaupthing Isle of Man liquidated, as final battle begins
Added 28 May 2009The final battle by thousands of Kaupthing Singer & Friedlander Isle of Man depositors to recover their savings has now begun, with the bank having been formally placed into liquidation. The liqui - High profile Jersey property fund in Europe’s largest IPO
Added 28 May 2009Max Property Group, a Jersey-incorporated, closed-ended property fund backed and run by a host of high-powered names, has been admitted to the London AIM and Channel Island stock exchanges in what off - Islamic finance training course launched in London
Added 28 May 2009The growing influence and practice of Islamic finance has been recognised through the creation of a London-based training programme for industry professionals. The programme, which was launched by - International Adviser in OBSR offshore funds first
Added 27 May 2009We are delighted to announce that International Adviser (IA), and its sister publications Portfolio Adviser (PA) and Expert Investor Europe(EIE), have become the first and only magazines to use Old Br - International brands of Abbey, A&L and B&B to survive
Added 27 May 2009The international brands of Santander's three British banking divisions are to be spared the Spanish banking group’s comprehensive rebranding, announced today. The rebranding will see all of Brit - Fund flows positive for first time since summer 2007
Added 27 May 2009Ucits funds recorded net inflows of €22bn in the first three months of 2009, marking the end of a run of six consecutive quarters of overall redemptions, according to the European Fund and Asset Manag - Stenham reopens trading strategy, launches currency shares classes
Added 27 May 2009Funds of hedge fund specialist Stenham Asset Management has opened its Trading Fund to new investment for the first time in five years and created new sterling, euro and Swiss franc share classes for - MediCare parent SBJ Global in MBO from Axa
Added 26 May 2009The management of SBJ Global Risks, parent of the MediCare International private health insurance business, is to acquire the operation from Bluefin Group Ltd, a subsidiary of AXA UK. The acquisiti - KSF depositors block Isle of Man asset recovery scheme
Added 22 May 2009Depositors in collapsed Isle of Man bank Kaupthing Singer & Friedlander have blocked a government sponsored asset recovery package, a decision that will trigger the island’s bank compensation scheme. - Profit pressure seen forcing changes to active management firms
Added 20 May 2009Increasing pressure on profitability at active asset management firms in 2009 is likely to cause considerable changes in the industry, according to new research from Watson Wyatt, which also suggests - US deal sees Luxembourg scrap banking secrecy
Added 20 May 2009Luxembourg is to scrap its historic banking secrecy laws after signing a tax deal with the US. - New Pictet fund targets agricultural sector
Added 20 May 2009Pictet Funds, the fund distribution company of the Swiss private bank Pictet & Cie, is adding a new Luxembourg-domiciled agriculture fund to its thematic funds range. - Institute of Financial Planning introduces new CFP option
Added 20 May 2009Financial advisers can earn Certified Financial Planner (CFP) status through a combination of home study and training workshops following changes introduced by the Institute of Financial Planning (IFP - Scorpio study: world’s ‘Mobile Wealthy’ still prefer Switzerland
Added 19 May 2009News that Switzerland may be forced to relax some of its banking secrecy laws appears not to have affected the alpine country's appeal among very wealthy individuals as a place to live, a new survey s - Generali International enhances Choice product
Added 19 May 2009Generali International has overhauled its flagship single premium investment bond, Choice. - Fortis's Guernsey operations split into independent bank and trust operations
Added 15 May 2009Fortis Bank in Guernsey has been renamed MeesPierson by the Dutch government as it progresses plans to break up the former banking giant into independent businesses and seek buyers. - Expat pensioners suing British government over benefits "freezing"
Added 15 May 2009A group of 13 expat pensioners is charging the British government with discrimination over its policy of "freezing" the state pensions of some retirees living abroad, so that they do not receive the - ALIL study: frozen pensions for Britons retiring to seven of 12 popular retirement destinations
Added 14 May 2009Britons retiring to seven of the 12 most popular foreign destinations for UK expats will have their state pensions frozen at the rate when they first started drawing them, a new study by Alliance & Le - Assurance given that Privy Council to move on Jersey foundations
Added 14 May 2009Jersey officials have been given a “strong indication” that that their new foundations law will go before the Privy Council in London on 10 June. - Abbey International unveils two savings products
Added 13 May 2009Abbey International, the Jersey-based arm of Santander's Abbey National banking group, has launched two products -- a new issue of an earlier base rate tracker account in a one-year, sterling version, - Ascenta launches resources special situations fund
Added 13 May 2009Natural Resource specialist Ascenta International Holdings is seeking to raise $50m over 12 months for its new Guernsey-registered Special Situations Resource Fund. - Samena rolls out Japan long/short equity fund
Added 13 May 2009Samena Capital, an investment manager specialising in Asian and emerging markets outside Europe, has launched a Cayman-domiciled Japan Absolute Return Fund. - KKR to open office in Dubai
Added 13 May 2009Kohlberg Kravis Roberts (KKR) is to open an office in Dubai, to be operated through a newly-formed subsidiary. - Jersey Finance appoints head of new Hong Kong office
Added 12 May 2009Jersey Finance has named a Shanghai native, Zhaoan Li, to head up its new Hong Kong office. - Zurich launches portfolio bond
Added 12 May 2009Zurich has launched a portfolio bond from its Dublin operation. The International Portfolio Bond (IPB) will initially be targeted at the UK high net worth market but Zurich said it could later be p - FSA announces review of structured products
Added 11 May 2009 - Old Mutual AM expanding offshore platform with 2 new funds
Added 11 May 2009Old Mutual Asset Managers (UK) is to launch two new Dublin-domiciled offshore funds, one of which will be a global equity absolute return fund. The other, known as the Old Mutual UK Dynamic Equity - Lehman's global asset management arm rises from the ashes
Added 08 May 2009New York-based Investment manager Neuberger Berman has formed a European arm with the successful acquisition of Lehman Brothers Asset Management from the entities in administration. - BNY Mellon launches Dublin-domiciled emerging markets fund
Added 08 May 2009BNY Mellon Asset Management is launching a Dublin-domiciled global emerging market equity fund. - ‘Tax haven’ myths busted: legitimate reasons to go offshore (and also, why some prefer to keep it at home)
Added 07 May 2009One of the biggest surprises for many Kaupthing, Singer & Friedlander Isle of Man depositors who lost access to their savings when the bank collapsed last October has been the lack of sympathy... - London & Colonial inks Organon QROPS deal
Added 07 May 2009London & Colonial, a Gibraltar based insurer, has signed a distribution deal with UK offshore pension specialist the Organon Group through which its pension and investment services will be wrapped wit - Saxo Bank to open DIFC operation
Added 07 May 2009Saxo Bank, the online trading platform for private, professional and institutional investors, is to open an office in the Dubai International Financial Centre (DIFC). - Malta link in FSA boiler room arrests
Added 07 May 2009The anti-money laundering unit of the Malta Police, along with a number of UK and European law enforcement bodies, was involved in an investigation that led to the arrest in the UK on Wednesday of sev - AIFA seeks to consult with financial services industry on regulation
Added 06 May 2009The Association of Independent Financial Advisers (AIFA) has today unveiled a paper on the future of financial regulation in the UK that it intends as a starting point for industry discussion. It i - Investec Bank (CI) promotes consistency of account
Added 06 May 2009Investec Bank (Channel Islands), the Guernsey-based offshore arm of the London and Johannesburg-listed Investec banking group, is promoting the consistency of its Euro Investec Horizon Account... - Henderson's plans for New Star International revealed
Added 05 May 2009As the Henderson Group acquisition of New Star Asset Management progresses, details of Henderson’s plans for NSAM’s international operations are emerging. - Clerical Medical Int'l brand to disappear
Added 01 May 2009The merging of Clerical Medical’s intermediary business with Scottish Widows’ will see Clerical Medical International (CMI) disappear as a brand, though there will be no change to its Isle of Man admi - UK publicly recognises Isle of Man’s improvements
Added 01 May 2009The UK government has praised the Isle of Man's efforts aimed at increasing tax transparency and co-operation and urged other jurisdictions to follow its example. - UK alternative asset industry says EU directive could damage its members
Added 30 April 2009Hedge fund and private equity firms have slammed EU proposals for tight regulation of their sector. A prevailing theme of the objections centred on the damage the regulations could do to smaller fi - UK funds industry a global "contender" after Budget improvements
Added 30 April 2009The boost given to the UK's investments industry by legislative changes announced in the budget means the country is now a "serious contender" as a funds domicile. - Nexus expands into Qatar and launches Takaful product
Added 30 April 2009Nexus, one of the largest IFA firms in the Middle East, has opened a Qatar office following regulatory approval from the Financial Centre Regulatory Authority. - Bank of Scotland Int’l launches new FTSE 100-linked structured product
Added 30 April 2009Bank of Scotland International has brought out a new version of a five-year sterling-denominated structured product that aims to give investors exposure to the FTSE 100 index, while protecting their o - Alternative investment industry officials criticise draft EU draft directive
Added 29 April 2009Private equity industry and hedge fund groups have responded to today’s publication of a new draft European directive aimed at the alternative investment industry by saying it fails to address the t - UK funds hold assets worth more double national GDP
Added 29 April 2009UK investors are Europe's biggest users of collective investment funds, with British asset managers holding the equivalent of more than twice the country's GDP in assets under management at the end of - Isle of Man hails prospect of better recovery for KS&F depositors
Added 24 April 2009The Isle of Man government says new information from the UK arm of Kaupthing Singer & Friedlander could mean "quicker and higher recoveries" for depositors caught in the collapse of the Icelandic bank - EFAMA urges European fund managers to rise
Added 24 April 2009The head of the main European fund management association called on EU fund houses to rise to the challenge of rebuilding investor trust and offering innovative products to appeal to risk-wary investo - Major US employment agency opens Dubai office
Added 24 April 2009Robert Half International, a New York Stock Exchange-traded American staffing giant, has opened an office in Dubai, just as many laid-off US and UK financial services executives are contemplating foll - Luxembourg funds industry slumps for first time
Added 24 April 2009Assets under management in Luxembourg funds dropped for the first time in 2008, according to data provider Lipper. - Offshore bond industry may get budget boost
Added 23 April 2009Trustees are being urged to make greater use of offshore bonds ahead of a 10% hike in both their UK income and dividend tax rates from April 2010. - Cazenove unveils Channel Islands financial planning business
Added 23 April 2009Cazenove Capital Management has appointed Nick Carter, formerly of Synergy Financial Services, to lead its Jersey financial planning operation. - European insurance sector fund launched
Added 23 April 2009Quantum Group and Nucleus Euro-Advisers are launching a Luxembourg-regulated and domiciled fund investing in the European insurance sector. - Darling Budget targets wealthy, tax evaders and avoiders
Added 22 April 2009As expected, the Chancellor announced a series of measures aimed at cracking down on those who use legal or illegal means to avoid paying UK taxes, in a Budget that also establishes a new top income t - UK offshore centres breathe sigh of relief as Foot interim report released
Added 22 April 2009Government officials from such jurisdictions as Jersey and the Isle of Man expressed support for findings contained in Michael Foot’s interim report on offshore financial centres, released late yester - New mortgage service targets buyers of Turkish properties
Added 21 April 2009Offshoreonline.org, a UK-based and regulated online mortgage broker specialising in overseas mortgages, is launching a new euro-denominated service for those wishing to buy properties in Turkey. - Abbey Int'l unveils 3% fixed term account
Added 21 April 2009Abbey International is offering investors a new account paying 3% AER over 12 months. The account, available only to new money, has a minimum balance of £50,000 and at the end of a year savers can - BarCap survey: In downturn, India, China seen remaining most attractive wealth markets
Added 20 April 2009Growth in Asia's wealth management industry is expected to soften significantly over the next two years, according to a Barclay's Capital survey of Asian wealth managers, in which one fifth of practit - Bermuda signs nine tax agreements
Added 20 April 2009Bermuda has signed eight new tax information exchange agreements (TIEAs) with seven Nordic countries and a ninth with New Zealand. - Foot: Isle of Man has nothing to fear from review
Added 17 April 2009The Isle of Man has “no need to worry about the outcome” of the review of the UK offshore financial centres, the man spearheading the probe is reported to have said. - Castlestone seeks Banksy and Damien Hirst for art fund
Added 17 April 2009Castlestone has unveiled its Collection of Modern Art fund, an eight-year investment vehicle to open at the end of May. The British Virgin Islands-domiciled fund will be managed by Angus Murray, wh - Legislation will help Jersey’s funds industry, lawyers say
Added 17 April 2009Planned changes to Jersey's funds legislation will help the island's funds industry by giving fund promoters more choice in how they structure their investment vehicles, according to legal experts. - New Star's Duffield rides again
Added 16 April 2009John Duffield, founder of New Star and Jupiter Asset Management, is reported to be hiring office space from Henderson for a new family office business, Hyde Park Asset Management. - TriAlpha launches corporate bond fund
Added 16 April 2009TriAlpha Investment Advisors is launching a absolute return credit fund with “a strong capital preservation emphasis”. - Vote set for £180m Kaupthing scheme
Added 15 April 2009Depositors caught up in last October's collapse of the Isle of Man's branch of Kaupthing Singer & Friedlander will be given a chance to vote next month on a 'scheme of arrangement' (SOA) proposed by t - Ashmore unveils distressed financials fund
Added 15 April 2009Ashmore Investment Management has launched a Guernsey-domiciled fund investing in illiquid financial assets in emerging markets. - Final four countries come off OECD blacklist
Added 08 April 2009The four blacklisted tax havens facing OECD sanctions have committed to meeting international standards on tax transparency. Costa Rica, Malaysia, Philippines and Uruguay were singled out by the OE - Monaco snatches London's property crown
Added 07 April 2009Monaco has beaten London as the world's most expensive place to buy a home, as the UK recession cut into house prices in the British capital, a report has revealed. - Global CFP charter mark uptake grows
Added 07 April 2009The number of financial advisers globally who gained the Certified Financial Planner (CFP) qualification grew by more than 8% during 2008. - Investec alters bond fund remit
Added 07 April 2009Investec Asset Management has changed the investment focus and name of its Luxembourg-domiciled GSF High Income Bond (USD) Fund to the Investec GSF Investment Grade Corporate Bond Fund, in response to - Pru Int'l enhances fund allocation
Added 07 April 2009Prudential International has boosted the allocation rate offered for its guaranteed capital PruFund Protected Growth Funds range by 1%, in an effort to attract savers unhappy with conventional bank ra - IoM vote on Kaupthing set for 9 April
Added 07 April 2009The Isle of Man Treasury returns to the High Court in Douglas on 9 April to seek approval for a so-called Scheme of Arrangement (SOA) aimed at compensating depositors caught in last October’s co - T.Rowe Price launches global and euro equity funds
Added 07 April 2009T. Rowe Price has launched a large cap global equity fund and European small and mid cap fund to its Luxembourg Sicav range. The Global Large Cap Equity Fund can invest in companies whose market ca - HSBC to cut securities services jobs on IoM, Guernsey
Added 06 April 2009HSBC is to cut more than 100 jobs in its Isle of Man operation and about 52 in Guernsey, the London-based bank has confirmed. The cuts will take place mainly in the bank's securities services (HSS) - Jersey delegation to visit US to rebut tax haven status
Added 28 January 2009Jersey government officials will travel to Washington in March to defend the island against an expected renewed attack on offshore financial centres by US lawmakers.
They will meet ne - Offshore insurers campaign for EUSD exemption
Added 28 January 2009Offshore insurance companies are lobbying for an exemption from a proposed extension of the European Union Savings Directive (EUSD). - Uncertainly for Britannia IoM after Co-Op deal
Added 28 January 2009Britannia Building Society and Co-Operative Financial Services say it is too soon to predict how the proposed merger of the two organisations may affect Britannia’s Isle of Man-based offshore su - Gartmore launches long/short euro equity fund
Added 28 January 2009Gartmore has launched its European Absolute Return Fund after a three-month delay blamed on extreme market volatility and temporary restrictions on short-selling. - Asset management merger for Crédit Agricole and Soc Gen
Added 28 January 2009Crédit Agricole and Société Générale are to combine their investment operations to create Europe’s fourth largest asset manager and the ninth in the world by a - Guernsey opens doors to UK taxman
Added 28 January 2009Guernsey has signed a tax information exchange agreement (TIEA) with the UK. - Fairbairn launches Guernsey QROPS
Added 28 January 2009Fairbairn Trust Company has launched a Guernsey-domiciled QROPS. The scheme has been developed in the wake of amendments to Guernsey’s QROPS regulations. - FPI sales buck group decline
Added 28 January 2009Friends Provident International (FPI) saw a 12.3% increase in business in 2008, growth the company said was aided by the recent plunge in sterling. - Pressure on Isle of Man to abolish tax on pensions
Added 22 January 2009Isle of Man fiscal authorities are being urged to abolish tax on pension income for non-residents in the wake of the UK seemingly rubberstamping the same approach in Guernsey. Firms offering Qualify& - Single broker blamed as Brandeaux puts brakes on its property fund redemptions
Added 22 January 2009Brandeaux, the London-based property fund manager, has become the latest in the real estate sector to suspend redemptions.
Before implementing the measure, the firm had been bucking the industry - Investor exodus continues
Added 22 January 2009Asset management houses are slashing budgets, staff numbers and closing, merging or restructuring funds as they struggle to survive the global financial downturn.
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