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Offshore Bonds

UK compensation scheme battles death bond fund

Offshore Bonds | 19 Jul 18

UK compensation scheme battles death bond fund

The UK’s Financial Services Compensation Scheme (FSCS), which helps consumers when authorised financial services firms fail, is battling to recover money paid out to investors in a fund that went into liquidation but has since resumed making distributions.

Isle of Man

Companies | 28 Jun 18

Utmost’s offshore bond range added to Zurich platform

Utmost Wealth Solution’s two Isle of Man-based offshore bonds have been added to the Zurich Platform.

Industry | 27 Jun 18

Holborn Assets has Dubai licence suspended

Dubai-based Holborn Assets Insurance Brokers has had its Insurance Authority licence suspended for three months, in a rare case of the regulator taking action over a complaint about what is believed to be the sale of a long-term savings product.

Companies | 28 Feb 18

Offshore bond consolidation rattles advisers warns Canada Life

The recent trend of closed book market consolidators buying up international life company books of business has distracted its competitors and can be an issue for adviser firms, the managing director of Canada Life International, Sean Christian, has warned.

Companies | 23 Feb 18

Standard Life offshore bond survives sale to closed book firm

The offshore bond sold by Standard Life will still be available via Phoenix Group after the firm’s life insurance business is acquired, a company spokesperson told International Adviser.

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Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.