Barclays appoints Channel Is head of offshore funds
Barclays has appointed Steve Rickards to lead the creation and implementation of the bank’s offshore funds strategy.
Offshore Bonds
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Pension reforms give Old Mutual Wealth sales a lift
The UK pension reforms have caused the demand for financial advice to rise significantly, according to Old Mutual Wealth.
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Smooth Sailing – Life trends with Prudential International
Kevin Purtill, head of commercial at Prudential International explains how the company has seen record growth, thanks to its offshore bond offerings
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Generali Int’l launches Hong Kong-compliant savings product
Generali International has become the latest life company to launch a savings product fully compliant with the ban on indemnity commission introduced in Hong Kong at the beginning of the year.
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Axa Wealth Int’l posts Q1 growth amid ‘challenging’ market
Axa Wealth International has seen funds under management grow by nearly £0.5bn throughout the first quarter of 2015, as the wider Axa Wealth group records across-the-board growth.
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Evolution needed for offshore industry to thrive, says Axa
UK offshore life companies and advisers both need to evolve to maximise offshore bond sales by 2020, said Axa’s Simon Willoughby.
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Forth Capital unveils expat tax service
Geneva-headquartered financial advisory group Forth Capital has launched an international tax service in London after recruiting former long-standing head of tax at Blevins Franks, Nicole Booth, to lead it.
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UK onshore bond sales up as offshore dips
New business sales of UK-distributed offshore bonds fell by 10.7% last year but were contracting at a slower pace than in recent years, while the onshore version saw sales pick up in 2014 for the first time since the financial crisis.
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SW Mitchell to drive growth with US focus
London based SW Mitchell Capital has described plans to more than double its assets under management with an increased focus on investors in a broader variety of jurisdictions, including the US.
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Offshore evaders face ‘endgame’ under Common Reporting Standard
Tax evaders hiding assets offshore will face an “endgame” when the OECD’s Common Reporting Standard is introduced next year, Blevins Franks has said.
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Pictet launches Chinese debt fund
Pictet Asset Management has launched the Pictet Chinese Local Currency Debt fund.
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Isle of Man to facilitate insurance-linked deals
The Isle of Man has announced the launch of its Insurance Special Purpose Vehicle (ISPV) legislation to cover transactions involving catastrophe bonds, industry loss warranties and other collateralised reinsurance structures.