HSBC GAM Int’l in Jersey to re-home unknown client assets
HM Receiver General in the Channel Island to look after assets as company’s liquidation is finalised
HM Receiver General in the Channel Island to look after assets as company’s liquidation is finalised
It raised almost £8m by selling mini-bonds to hundreds of investors
It will offer services to HNWs and corporate clients with at least £500,000 in assets
Clients were left with no money after it made high-risk unregulated investments
All members of staff will be protected as they will move over to acquiring company
As funds under administration on the international platform jump by nearly a third
Breaches are treated on a case-by-case basis but lack of information risks leaving people in the dark
But they are also worried about cybersecurity and data breaches
Taxman sees £2.5bn less in revenue coming in from people residing outside the country
And pushed advisers to promote its portfolios to DB pension transfer and Sipp clients
As it focuses on expanding operations in Africa
Acquisition was previously blocked by New Zealand regulator