News
Middle East | news 19 Jul 17
Half a million expats leave Saudi as amnesty draws to a close
More than 570,000 expats have left Saudi Arabia by taking advantage of an amnesty offered by the government that aims to make the Kingdom ‘violator free’ by 25 July.
Ocorian expands fund services reach with Lux acquisition
Financial services provider Ocorian has agreed to buy MAS International, an independent fund administration company operating primarily in Luxembourg and Mauritius.
Best Practice | news 18 Jul 17
Defined benefits solvency concerns driving clients into Sipps
Rising concern about the future viability of UK defined benefit (DB) pensions schemes is driving demand for transfers into self-invested personal pension plans (Sipps), according to research published Tuesday.
Investment | news 18 Jul 17
IoM’s Quadris Environmental Fund declared in default
Isle of Man-based Quadris Environmental Fund has been declared in default by its American lender and had its bank accounts frozen, leaving around 1,200 investors fearing they will lose all or most of their investments.
Best Practice | news 18 Jul 17
Advisers at risk from ‘inappropriate’ DFM agreements
Thousands of financial advisers could fall foul of Mifid II for having the wrong type of intermediary agreement with their discretionary fund managers, the Personal Finance Society has warned.