What advisers need to know about the Liechtenstein life industry
It is ‘moving towards more consolidation’
It is ‘moving towards more consolidation’
As international life insurance broker also unveils an operation in the European country
To provide investors with ‘unique access to investment solutions previously unavailable to them’
Process will go ahead despite ‘intensive negotiations’ taking place with ‘interested parties’
To target ultra wealthy Chinese investors from Hong Kong
Liechtenstein officials have denied any involvement after Swiss authorities demanded an explanation following reports that the tiny principality had pressed for Switzerland’s inclusion on the EU’s tax haven watchlist.
Lombard International Assurance has bolstered its Latin America focus with the appointment of a regional head. Copia Capital Management named a series of appointments as it builds up its team, while Fortnum Financial Advisers has lured its new managing director from ANZ.
Italy’s largest insurer Generali is set to pull out of Guatemala and Liechtenstein after signing agreements to sell its operations in two separate deals.
Liechtenstein has approved a double taxation agreement (DTA) with the United Arab Emirates, as well as Iceland and Andorra.
The Jersey Financial Services Commission (JFSC) has signed a memorandum of understanding with Liechtenstein’s Financial Market Authority (FMA) to cooperate on supervisory matters, information exchange and the oversight of regulated firms.
The Liechtenstein-based private banking arm of Swiss firm Valartis Group is being sold to Hong Kong luxury watch retailer, Citychamp Watch & Jewellery Group.
While other offshore financial centers have suffered ratings downgrades of late, Lichtenstein has had its AAA rating affirmed by Standard & Poor’s.