The UK is resuming pension and benefit payments to individuals living in Cyprus with bank accounts there, which had been suspended last month during the banking crisis. Some pensioners with accounts in Cypriot banks in Greece had also seen their payments frozen.
Africa is increasingly being seen as a top investment destination, according to research released today, which claims that two thirds of advisers already have clients invested there.
Singapore’s financial services regulator has published its response to comments it received on proposed changes to the regulation of locally active insurers’ investment activities, and indicated a strong preference for keeping key elements of these insurers’ businesses within its borders.
Baring Asset Management has appointed Lars Albert as head of sales for Germany and Austria.
Natixis Global Asset Management has been on the campaign trail in recent weeks promoting its recently launched IDFC Indian Equities Fund to intermediaries across Europe and the Middle East.
The administrators for Australia-based LM Investment Management, appointed last month, have told a meeting of creditors that they are looking into an A$17m ($17.8m) personal loan the company made to its founder, Peter Drake, The Australian and other publications are reporting today.
The value of commission earned in the global bancassurance sector is predicted to grow by more than 5% per annum over the next four years, according to a report out today, with emerging markets dominating growth.
Accountancy and business advisory firm BDO LLP has completed its merger with PKF LLP.
Guernsey has signed a Double Taxation Agreement with Qatar, the island’s first full DTA with a Middle Eastern country.
BDO LLP, the accountants, has resigned as auditors for Harlequin Property, the embattled, UK-based resort property development company, it has emerged.
Financial advisers could be exposing clients to high levels of risk by using esoteric and unregulated investments within pension wrappers such as QROPS and SSASs, according to London & Colonial’s Adam Wrench.
From today, individuals looking to be qualified by the Chartered Institute for Securities & Investment as capital markets professionals will be required to pass a compulsory ethics test before being permitted to sit the qualifications exams.
