hsbc saudi offers shariah compliant fund
HSBC Saudi Arabia has launched its first sukuk fund, a Shariah-compliant fixed-income product, for the countrys retail market.
News
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40000 uk families may be entitled to 400m
More than 40,000 UK families are believed to be owed an estimated £400m from the Spanish government in overpaid inheritance tax, according to Spanish Legal Reclaims.
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nigel green individuals must take responsibility
Individuals should take greater personal responsibility for their own finances, according to Nigel Green, chief executive of international intermediary firm deVere Group.
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fpi and morningstar launch five risk rated
Friends Provident International and Morningstar OBSR have launched five risk-rated model fund portfolios.
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signia tries for international expansion again
Signia Wealth has hired former Barclays Wealth market head Sonjoy Phukan to lead the international expansion of the firm just seven months after Shalini Khemka was appointed with the same responsibility.
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ailo calls for improvements to fatca
The Association of International Life Offices has written to the US Treasury seeking improvements to its proposed Foreign Account Tax Compliance Act.
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brazil regulator acquits swim worldwide of licence
South America-based Swim Worldwide Financial has been cleared of breaking the terms of its licence, eight months after the Brazilian regulator put a block on it conducting certain investment activity.
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guernsey funds forum lamont on inflation
Former Chancellor of the Exchequer Norman Lamont argued that UK interest rates have stayed low for too long, at the Guernsey Funds Forum event in London yesterday.
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london based brown shipley launches service
Private bank Brown Shipley has launched a South Asian service which aims to serve the needs of clients of South Asian origin based in the UK and overseas.
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gapp considers formal complaint against hmrc
The chairman of the Guernsey Association of Pension Providers has confirmed the body may consider making a formal complaint against HM Revenue & Customs in response to its decision to de-list more than 300 of the jurisdiction’s QROP Schemes.
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matthews asia receives approval to sell
Matthews International Capital Management has received approval from the Securities and Futures Commission of Hong Kong to distribute a range of its funds to retail investors in the territory.
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uae finance firms set up cross sector trade body
A group of leading financial institutions in the United Arab Emirates have formed a trade body, the first cross-sector association to be created for the industry in the country.