United Kingdom | 27 Jun 11
Pressure on Isle of Man to abolish tax on pensions
Isle 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&
FPI sales buck group decline
Friends Provident International (FPI) saw a 12.3% increase in business in 2008, growth the company said was aided by the recent plunge in sterling.
Single broker blamed as Brandeaux puts brakes on its property fund redemptions
Brandeaux, 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
Asset management houses are slashing budgets, staff numbers and closing, merging or restructuring funds as they struggle to survive the global financial downturn.