investors poured 665bn into funds globally
Investors around the world poured some $665bn (£430.1bn, 501.6bn) into funds worldwide during the first half of 2013, excluding money market funds, as sentiment improved, according to data from Strategic Insight.
United Kingdom | 12 Aug 13
Bank of Ireland announces iom closure
The Bank of Ireland is to close its Isle of Man operations by the end of August next year, as it turns its focus on strengthening "core businesses" in the UK and Irish markets.
baring hk china fund penalised
Morningstar OBSR has downgraded the Baring Hong Kong China Fund from a bronze to a neutral rating because it believes the execution of the investment process is hampered by the fund’s size of $2.3bn.
Tax & Regulation | 12 Aug 13
hmrc unveils consultation on latest measures
In what it says is an effort to tackle "both the supply of and demand for tax avoidance schemes", HM Revenue & Customs has put forward for consultation its latest package of measures aimed at making tax avoidance more difficult.
singapore life industry new bis first half
Singapore’s life insurance industry saw total weighted new business premiums in the first half of 2013 grow by 24% over the same period last year, driven by "healthy sales" across all product lines.