SWIP launches GEM funds and UK active extension product in Sicav
Scottish Widows Investment Partnership (Swip) has launched four funds into its Luxembourg Sicav, three with emerging market strategies and the fourth a UK equity 140/40 portfolio.
Industry
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Britannia Intl launches new issues of two capital guaranteed bonds
Britannia International, the Isle of Man-based offshore subsidiary of what is now known as the Co-operative Bank, has launched a second issue of its six-year Guaranteed Capital Bond, and an eighth iss
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IMA sales of overseas funds rocket in July
Sales of overseas-domiciled funds in the UK market leapt in July, the Investment Management Association(IMA) reported, touching their highest monthly total since it began publishing data in 2007.
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Friends Prov Intl launches protection plan for greater Hong Kong market
Friends Provident International (FPI) has launched a protection plan that aims to provide Hong Kong residents with insurance against the financial consequences of premature death, terminal illness, cr
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Vistra sells stake to private equity firm to fuel growth
Vistra, the Geneva-based international trust and corporate services provider with roots and offices in London and Jersey, has sold a majority stake to IK Investment Partners, a Scandinavian private eq
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UK single premium offshore bond sales collapse in Q2
Single premium offshore bond business into the UK collapsed in the second quarter of the year, falling 56% compared the same period in 2008, according to figures released by the Association of British
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Payday on Friday for IoM Kaupthing depositors
Friday will be payout day for savers hit by the collapse of Kaupthing Singer & Friedlander (Isle of Man).
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IoM Kaupthing depositors to get first payment next week
Depsitors caught by last Octobers collapse of the Isle of Mans branch of Kaupthing Singer & Friedlander will receive their first dividend from the banks liquidator next Friday.
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hong kong intermediaries daunted by new regs
Hong Kong insurance brokers and intermediaries are scrambling to meet a September 30th compliance deadline for new guidelines aimed at boosting the protection of consumers buying insurance products.
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Regulator says SFC licence not needed to sell fund-linked insurance products in Hong Kong
The Securities and Futures Commission (SFC), which regulates Hong Kong’s stock and futures markets, has declared that insurance intermediaries and brokers do not require an SFC investment advisers’ li
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HSBC enters European ETF market with FTSE tracker
HSBC launches its first European exchange traded fund tomorrow, which will be Dublin-domiciled and listed on the London Stock Exchange.
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HMRC clarification of Liechtenstein ‘amnesty’ leaves tax experts puzzled
Advisers have urged HMRC to clarify details of the Liechtenstein Disclosure Facility (LDF), amid claims tax cheats could switch assets to the principality to secure less punitive treatment than under