stm takes amortisation hit in 12
STM Group, an increasingly important provider of QROP schemes, saw its after-tax loss widen in 2012,after it took a one-off amortisation hit of £4.4m, on revenue that grew by almost a fifth.
Author: International Adviser
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Is the risk worth the reward
Income is increasingly important to investors, and at least half are prepared to take more risk in order to achieve greater returns, a survey by Legg Mason has found.
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hansard europe to close to new business
Hansard Global is to close its Dublin-based business Hansard Europe to new business after deciding that it is in the “long term interests of the group” to reduce exposure to the region.
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fsa query sparks concern over harlequin
A written request by the UK Financial Services Authority last week to providers of self-invested personal pensions, asking them to say whether they have any clients invested in Harlequin Property, has sparked concern in the offshore financial services industry as well as in the UK.
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Strong year for ucits as european economy improves
Ireland and Luxembourg accounted for the majority of Ucits net sales in 2012, while inflows across Europe returned to positive territory on the back of strong demand.
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CYSEC determined to raise standard of advice
Cyprus is keen to improve its financial services industry, says Tony Pentland, head of business development, 3D Global Financial Services.
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former morgan stanley md banned for life
The former managing director of Morgan Stanley Asia, Du Jun, has been banned from re-entering the financial services industry for life by Hong Kong’s main financial regulator.
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another new fund for schroders jolly
In the latest of a number of fixed income developments Schroders has launched a Global Unconstrained Bond Fund to be managed by Bob Jolly and his global multi-sector team.
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manulife am handed hk24m fine over sale
Manulife Asset Management, a subsidiary of Canadian financial services company Manulife, has been handed a substantial fine by the Hong Kong regulator over “inadequate controls” in relation to its distribution of the Manulife Global Fund.
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brooklands promotes saker names tailford
Brooklands Pensions, the UK- and Dubai-based pensions administrator, has promoted Bernie Saker to business development director and named Matt Tailford to the new post of business development manager for the Middle East.
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swim Worldwide opens in chile
Swim Worldwide, a pan-South American advisory business founded 10 years ago by Briton Paul Scott, has opened an office in Santiago, Chile, its first in the country.
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Old Mutual announces dip in profits for 2012
Old Mutual profits for 2012 fell by 13% on 2011 levels, despite an increase in assets over the year.