Investors in the beleaguered Guernsey-based EEA Life Settlements Fund have been offered the opportunity to register some, or all, of their shares for a proposed secondary share sale in March or April this year. But caution has been urged.
The big question for international advisers isn’t Brexit but whether or not the UK is granted European Economic Area status, according to the Federation of European IFAs.
A group of investors in the troubled Guernsey-based EEA Life Settlements Fund have criticised plans by its directors to make redemption payments to holders of its Run-Off shares.
Investors in the EEA Life Settlements Fund will receive a £56.1m payout after the sale of 188 US life insurance policies.
The UK Government is currently looking to close a loophole that allows expats to transfer their unfunded public sector pensions into qualifying recognised overseas pension schemes (QROPS).
A group of investors into a troubled life settlements fund has had its claim against the FCA and the UK Government rejected by the European Court of Human Rights.
An action group will sue the FCA next month for unprofessionally labelling life settlements funds as death bonds.
An action group for life settlement fund investors has accused the FSA of unlawfully restricting human rights when it controversially described the products as high risk and toxic in a 2011 warning.
A former chairman of PFC International has had his licence revoked and been fined $900,000 for mis-selling the EEA Life Settlements Fund to clients.
A group representing investors into the EEA Life Settlements Fund has criticised the FCA for continuing to harm advisers by encouraging complaints against them in its bombshell warning on the controversial fund last week.
EEA Fund Management has published a letter defending the role of advisers which sold its life settlements fund.
In a highly unusual step, the Financial Conduct Authority has issued a statement urging investors in the EEA Life Settlements Fund to make a complaint to the firm which sold the investments before time runs out.
