For those European investment fund managers wondering whether the controversial Alternative Investment Fund Management Directive can ever become a global brand, the deputy director of Luxembourgs funds industry association has some encouraging news.
Canada Life has announced it is to continue to offer trail commission on both is offshore and onshore bonds sold in the UK.
Four years after the Alternative Investment Fund Managers Directive was first proposed, sending shock waves across the Continent, Europes asset management industry has largely come to terms with it, with some saying it lends itself to being marketed on global markets as a brand, much the way Ucits funds have been.
Thomas Miller Investment (Isle of Man) has appointed David Thomas as managing director.
A planned restructure of the beleaguered EEA Life Settlements Fund has been delayed by the Guernsey Financial Services Commission which has asked for further information on the fund.
Guernsey is considering amending the pension provisions of its income tax law to enable so-called pan-island occupational pension schemes to again receive transfer payments from UK-registered pension schemes.
The Guernsey Financial Services Commission has signed a Memorandum of Understanding with the Chinese Securities Regulatory Commission, setting out a framework to exchange information between the two authorities.
New York has overtaken London as the worlds top financial centre, according to a survey of senior financial services executives commissioned by Kinetic Partners, the global professional services firm.
UK chancellor George Osborne is expected to announce that capital gains tax will be charged on British property sold by overseas nationals and expats, the Daily Telegraph of London is reporting today.
Getting Middle East consumers to understand the cost of financial advice and making the transition to a profession… These are two of the challenges financial advisers in the Middle East, identified by well-known CEOs and senior executives at International Adviser's Gulf Expert Investor Forum 2013.
The global trend towards regulation is playing into the hands of universal life products providers such as Transamerica Life Bermuda, as its increasingly mobile target market of wealthy individuals demands financial solutions that offer security and inspire trust, says chief executive Tim Oliver
The Royal Skandia brand has been withdrawn from Europe, with all new business from January 2014 onwards being directed through the companys Dublin-based Skandia Ireland brand.
