STEP says rise in non-dom charge may drive them away
STEP says George Osborne’s increase in the non-dom charge may drive many away, cutting the tax take.
Industry
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Profits up 56% at Skandia International
Skandia International has reported pre-tax profits of £70m for 2010, an increase of 56% on 2009.
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FEIFA partners with La Mondiale Europartner
FEIFA has struck a deal with La Mondiale Europartner, the Luxembourg cross-border insurer.
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Index finds Asian financial centres competitiveness is growing
Asian cities feature prominently in a new global financial centres competitiveness index.
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Close’s Cayman business next in offshore sell-off
Close Brothershas sold its Cayman Islands fund, trust and banking businesses to Intertrust Group
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Saxo Bank Dubai censured by DFSA for due diligence failings
Saxo Bank Dubai failed to carry out sufficient due diligence on clients, a DFSA investigation found
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Castlestone unveils precious metals equity fund
Castlestone Management has launched a precious metals equity fund.
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QROPS price competition heats up as Skandia/Concept slash fees
Skandia International and Concept Group have lowered the charges on their joint QROPS proposition
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Schroders merges European funds
Schroders has merged its retail European Fund into it Institutional European Fund
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Jersey in 2010: more unregulated funds, less in the banks
The number of unregulated funds operating in Jersey leapt by 16% in Q4 and doubled over the year.
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Jersey TIEA signing with India ‘delayed’
A TIEA due to be signed in Mumbai by India and officials from Jersey has been ‘delayed’
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Societe Generale shapes up for Asian growth
Societe Generale Private Banking has established a strategy committee to aid its expansion into Asia