United Kingdom | 1 Nov 12
deposits hit 5bn as ioms nationwide intl
Staff and management of the Isle of Man’s Nationwide Building Society subsidiary are celebrating after the deposit-taker’s balances hit £5bn, for the first time ever.
uti takes on hsbc with india fixed income fund
UTI Asset Management, India’s oldest and one of its largest fund managers, is launching a Dublin-domiciled, Ucits-compliant, US dollar-denominated bond fund that is designed to enable foreign investors to easily access India’s notoriously inhospitable fixed income market.
ec commissioner barnier maintains ifas
Independent advisers in Europe should be banned from receiving commission payments, according to Michel Barnier, European commissioner for internal market and services at the EC, who sets out his position in a strongly worded letter to Fecif chairman, Vincent Derudder.
jersey fsc wraps up corinthian holdings
The Jersey Financial Services Commission has formally wrapped up an investigation of a Jersey firm it had been investigating, more than a year after the company, Corinthian Holdings Ltd, ceased trading.
employee choice opens for mpf investors
Investors in Hong Kong will, from today, be allowed to transfer contributions they have made into the national Mandatory Provident Fund to an MPF trustee and scheme of their choice.