Tax & Regulation | 3 Jun 13

The new reporting requirements set down in the draft QROPS regulations issued last month by HM Revenue & Customs will not apply to schemes that lost their QROPS status before the regulations become law, at least as currently proposed, pension industry sources report.

Products | 3 Jun 13

Henderson is to re-open its UK Absolute Return Fund, a strategy which includes a UK Oeic and a Luxembourg Sicav, following a decrease in the stock correlations which prompted its soft closure at the end of 2011.

Life | 3 Jun 13

Friends Provident International has named David Thompson to succeed the departing Omar Shelbaya as regional sales director for the Middle East and Africa, as it continues to expand its operations in the Gulf.

Europe | 3 Jun 13

Appleby, one of the world’s largest providers of legal and fiduciary services, has acquired Caledonian Trust (IOM) Limited and Caledonian Fund Services (Europe) Limited as part of the group’s growth strategy.

Tax & Regulation | 3 Jun 13

Now that the UK has its first-ever statutory definition of UK residency for tax purposes, the tax authorities have come up with a tool to help people determine their status.