The deVere Group has agreed a strategic alliance with Dubai-based ECS Insurance Brokers LLC that it says will lead to a full ownership by deVere, according to a statement issued yesterday by the global financial advisory firm.
Nigel Green, the chief executive and founder of global IFA group deVere, has bought a 24% stake in STM Group, the London-listed cross-border provider of QROPS and other financial products.
Fixed income funds posted a new weekly inflows record of $7.57bn in the second week of March, despite signs that returns in some bond sectors have started to falter under the recent flood of fresh money.
Swiss asset manager Pictet will tomorrow launch a high-conviction dynamic asset allocation fund, which it says will help euro-based investors navigate through all market conditions.
More than half a million British expatriates who have retired abroad are missing out on their full pension, according to figures revealed by the UK government.
S&Ps new multi-asset research arm, S&P Capital IQ, has adopted a spruced up funds grading methodology as it readies itself for the post-RDR investment landscape.
The number of individuals registered with HM Revenue & Customs as non-doms in the UK has fallen by 16% in the two years since a £30,000 annual levy, which permits these non-doms to keep their income free of UK tax obligations, was introduced, data obtained by the McGrigors law firm shows.
Royal Skandia, part of Skandia International, has launched a version of the Skandia Shield Fund to be sold via its offshore portfolio bond range.
International law firm Ogier has appointed a new partner to lead its litigation practice in Cayman.
Guernsey and Malta have signed a double taxation agreement.
On Wednesday this week, HM Revenue & Customs published in error guidance notes and FAQs on the QROPS legislation due to take effect from 6 April this year.
Police in China have detained a Shanghai-based private banker at Standard Chartered, in relation to a wealthy client who allegedly stole money from Agricultural Bank of China.
