Zurich launches portfolio bond
Zurich has launched a portfolio bond from its Dublin operation. The International Portfolio Bond (IPB) will initially be targeted at the UK high net worth market but Zurich said it could later be p
Industry
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Tax haven myths busted: legitimate reasons to go offshore (and also, why some prefer to keep it a
One of the biggest surprises for many Kaupthing, Singer & Friedlander Isle of Man depositors who lost access to their savings when the bank collapsed last October has been the lack of sympathy…
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London & Colonial inks Organon QROPS deal
London & Colonial, a Gibraltar based insurer, has signed a distribution deal with UK offshore pension specialist the Organon Group through which its pension and investment services will be wrapped wit
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BNY Mellon launches Dublin-domiciled emerging markets fund
BNY Mellon Asset Management is launching a Dublin-domiciled global emerging market equity fund.
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Malta link in FSA boiler room arrests
The anti-money laundering unit of the Malta Police, along with a number of UK and European law enforcement bodies, was involved in an investigation that led to the arrest in the UK on Wednesday of sev
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Saxo Bank to open DIFC operation
Saxo Bank, the online trading platform for private, professional and institutional investors, is to open an office in the Dubai International Financial Centre (DIFC).
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AIFA seeks to consult with financial services industry on regulation
The Association of Independent Financial Advisers (AIFA) has today unveiled a paper on the future of financial regulation in the UK that it intends as a starting point for industry discussion. It i
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Clerical Medical Int’l brand to disappear
The merging of Clerical Medicals intermediary business with Scottish Widows will see Clerical Medical International (CMI) disappear as a brand, though there will be no change to its Isle of Man admi
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Investec Bank (CI) promotes consistency of account
Investec Bank (Channel Islands), the Guernsey-based offshore arm of the London and Johannesburg-listed Investec banking group, is promoting the consistency of its Euro Investec Horizon Account…
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Henderson’s plans for New Star International revealed
As the Henderson Group acquisition of New Star Asset Management progresses, details of Hendersons plans for NSAMs international operations are emerging.
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UK publicly recognises Isle of Mans improvements
The UK government has praised the Isle of Man’s efforts aimed at increasing tax transparency and co-operation and urged other jurisdictions to follow its example.
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UK alternative asset industry says EU directive could damage its members
Hedge fund and private equity firms have slammed EU proposals for tight regulation of their sector. A prevailing theme of the objections centred on the damage the regulations could do to smaller fi