Final four countries come off OECD blacklist
The four blacklisted tax havens facing OECD sanctions have committed to meeting international standards on tax transparency. Costa Rica, Malaysia, Philippines and Uruguay were singled out by the OE
Industry
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Pru Int’l enhances fund allocation
Prudential International has boosted the allocation rate offered for its guaranteed capital PruFund Protected Growth Funds range by 1%, in an effort to attract savers unhappy with conventional bank ra
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HSBC to cut securities services jobs on IoM, Guernsey
HSBC is to cut more than 100 jobs in its Isle of Man operation and about 52 in Guernsey, the London-based bank has confirmed. The cuts will take place mainly in the bank’s securities services (HSS)
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T.Rowe Price launches global and euro equity funds
T. Rowe Price has launched a large cap global equity fund and European small and mid cap fund to its Luxembourg Sicav range. The Global Large Cap Equity Fund can invest in companies whose market ca
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IoM vote on Kaupthing set for 9 April
The Isle of Man Treasury returns to the High Court in Douglas on 9 April to seek approval for a so-called Scheme of Arrangement (SOA) aimed at compensating depositors caught in last October’s co
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Jersey delegation to visit US to rebut tax haven status
Jersey government officials will travel to Washington in March to defend the island against an expected renewed attack on offshore financial centres by US lawmakers.They will meet ne
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International Adviser Events
Offshore Bond Workshop Radisson Edwardian Manchester – Wednesday 11th March 2009 Waldorf Hilton London – Thursday 12th March 2009 Maltese Investor Breakfast Malta – Thursday 7th May 2009 Chan
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Offshore insurers campaign for EUSD exemption
Offshore insurance companies are lobbying for an exemption from a proposed extension of the European Union Savings Directive (EUSD).
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Uncertainly for Britannia IoM after Co-Op deal
Britannia Building Society and Co-Operative Financial Services say it is too soon to predict how the proposed merger of the two organisations may affect Britannia’s Isle of Man-based offshore su
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Gartmore launches long/short euro equity fund
Gartmore has launched its European Absolute Return Fund after a three-month delay blamed on extreme market volatility and temporary restrictions on short-selling.
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Asset management merger for Crédit Agricole and Soc Gen
Crédit Agricole and Société Générale are to combine their investment operations to create Europe’s fourth largest asset manager and the ninth in the world by a
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FPI sales buck group decline
Friends Provident International (FPI) saw a 12.3% increase in business in 2008, growth the company said was aided by the recent plunge in sterling.