News
Retirement | news 3 Nov 15
Billions withdrawn under UK pension freedoms, but common sense prevails
More than half of the funds being invested under the new pension freedoms have been invested in income drawdown products, with the remainder buying annuities, reports the Association of British Insurers (ABI).
Old Mutual Int’l kick starts Isle of Man high net worth team
Old Mutual International has launched a new high net worth team in its Isle of Man service centre to meet rising demand from wealthy individuals.
Middle East | news 3 Nov 15
Qatar Fund details tender offer ahead of vote
Isle of Man-based Qatar Investment Fund (QIF), which invests largely in Qatari-listed stocks, has announced details of its planned tender offer ahead of a discontinuation vote at its annual general meeting on 12 November.
Emerging Markets | news 3 Nov 15
Standard Chartered rights issue plan sends shares into freefall
Emerging markets focused bank Standard Chartered has announced plans to raise £3.3bn from its shareholders through a rights issue.
Tax & Regulation | news 3 Nov 15
Firm warns against HMRC bankrupting taxpayers over APN disputes
HMRC should not pursue insolvency proceedings to demand that tax allegedly owed from years ago be paid in full until the underlying dispute has been resolved, warned law firm RPC.