Barclays Cap launches FTSE 100 linked structured products
Barclays Capital has launched two structured products providing protected exposure to the FTSE 100 Index, for use within both offshore and UK onshore life insurance wrappers.
Industry
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Royal London appoints Malaysian sales consultant
Royal London 360° has appointed Steve Noon as regional sales consultant for Malaysia to help build and maintain relationships with IFAs based in the region…
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Long-running Alhamrani case in Jersey ends in settlement
The long-running case involving members of a wealthy Saudi Arabian family who sued JPMorgan (Jersey) Trust Co was quietly settled out of court in September, it has been learned.
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Lombard restructures to create private wealth team
Luxembourg-domiciled Lombard International Assurance has restructured its operations to create a Private Wealth Solutions and Marketing department.
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Cayman Gov’t outlines immigration incentives
The Cayman Islands’ Government has confirmed it is considering implementing a number of immigration incentives to avoid an exodus of foreign investment professionals based on the island…
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FEIFA membership grows as body plans first conference
Membership of FEIFA, the trade body that represents English-speaking IFAs operating in Europe, has grown to almost 150 in less than six months.
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Middle East visit for Luxembourg royal
The Crown Prince of Luxembourg is preparing to visit Bahrain and Dubai next week in a bid to encourage greater investment from UAE fund managers into Luxembourg-domiciled funds.
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Focus turns to Liechtenstein as accountants report limited take-up of offshore tax amnesty
As the midnight deadline for HM Revenue & Customs’ New Disclosure Opportunity approached today, tax experts said attention was turning to the government’s other, less onerous offshore tax amnesty, f
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Jerseys funds industry NAV falls more than 17% in Q3; bank deposits also slip
The net asset value of funds administered in Jersey fell by 17.7% in the third quarter.
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Isle of Man may protest to UK on end of reciprocal health agreement, paper says
A top Isle of Man government official is seeking an “urgent meeting” with UK secretary of state for health Andrew Burnham, according to an IoM press report that says he will seek to challenge Britain’
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Bell expected to avoid touching Zero-10
When Isle of Man treasury minister Allan Bell unveils his budget in February, in which he must deal with an unanticipated £90m income shortfall caused by the ending of a customs revenue-sharing agree
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Friends Provident acquires German distribution partner
Friends Provident Group, since last summer owned by Resolution, is to buy its German distribution partner.