guernsey unveils rdr consultation
Guernsey is asking islanders and island business leaders whether it should adopt a Retail Distribution Review similar to that about to take effect in the UK.
Author: International Adviser
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resolution in discussions on possible sale
Resolution Ltd has confirmed that its Friends Life subsidiary is “in discussions on the possible sale of its 30% stake in AmLife Insurance Berhad and AmFamily Takaful Berhad” back to its partner in the joint venture arrangement, Kuala Lumpur-based AmBank Group.
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standard chartered moves into shariah space
Standard Chartered is expanding its Shariah banking operations in the United Arab Emirates and Bahrain, just a few weeks after HSBC announced it would be pulling out of the region.
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liontrust launches offshore special sits
Liontrust is launching an offshore version of Anthony Cross and Julian Fosh’s flagship special situations fund, seven years after the original vehicle was unveiled.
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deposits hit 5bn as ioms nationwide intl
Staff and management of the Isle of Man’s Nationwide Building Society subsidiary are celebrating after the deposit-taker’s balances hit £5bn, for the first time ever.
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uti takes on hsbc with india fixed income fund
UTI Asset Management, India’s oldest and one of its largest fund managers, is launching a Dublin-domiciled, Ucits-compliant, US dollar-denominated bond fund that is designed to enable foreign investors to easily access India’s notoriously inhospitable fixed income market.
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ec commissioner barnier maintains ifas
Independent advisers in Europe should be banned from receiving commission payments, according to Michel Barnier, European commissioner for internal market and services at the EC, who sets out his position in a strongly worded letter to Fecif chairman, Vincent Derudder.
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jersey fsc wraps up corinthian holdings
The Jersey Financial Services Commission has formally wrapped up an investigation of a Jersey firm it had been investigating, more than a year after the company, Corinthian Holdings Ltd, ceased trading.
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employee choice opens for mpf investors
Investors in Hong Kong will, from today, be allowed to transfer contributions they have made into the national Mandatory Provident Fund to an MPF trustee and scheme of their choice.
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hermes commodity strategy offered on
Deutsche Bank has launched the Hermes Absolute Return Commodity hedge fund on its platform dbSelect, to allow investors easy access to diversification from equities and bonds.
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uhy intls new chairman hornan eyes options
Ladislav Hornan, the newly-named chairman of the global accountancy network UHY International, says the organisation should look for growth to come from a variety of areas, including but not limited to the natural expansion of member firms in their local markets.
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irish central bank proposes non ccits regime
Ireland has announced plans to overhaul its non-Ucits fund regime, in a bid to remain attractive to fund managers ahead of the implementation of the Alternative Investment Fund Managers Directive.