new currency unit unveiled by ftse group
A new “currency unit” has been unveiled that its creator, the FTSE Group, says is designed to enable investors to preserve their wealth by protecting them from currency and inflation risk.
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call for us to join world in residence taxation
The American Citizens Abroad, a Geneva-based group which represents the interests of expatriate US citizens, has called on the US government to join most of the rest of the world in taxing its citizens on the basis of where they live, rather than where they were born, or the nationality of their parents.
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alternative global government bond strategy
Pictet Asset Management has launched a global government bond fund which will use an alternative strategy to select bonds based purely on the countrys ability and willingness to pay.
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blackrock loses faith in lyttleton
Mark Lyttleton is to stand down as the long-time manager of the BlackRock UK Fund, culminating what has been a tough few years for Lyttleton and his investment management reputation.
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offshore law firm appleby to open in shanghai
Appleby, which claims to be the worlds largest provider of offshore legal, fiduciary and administration services, has announced plans to open a representative office in Shanghai, its first in mainland China.
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SEB rebrands Irish Life International
Irish Life International has been renamed SEB Life International, reflecting its acquisition by Nordic financial services group SEB at the end of August last year.
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fears rise over unemployment
Confidence among financial advisers in the UK is beginning to rise, according to Skandias latest Adviser Confidence Barometer, but so too are fears over increased unemployment and cuts to government spending.
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withers to open in singapore
Withers, the international law firm, is to open a second Asian office, citing what it says is an urgent demand from institutions and individuals alike for tax and trust advice in the region.
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fsa fines santander for structured product
Santander has been fined £1.5m by the FSA for failing to inform customers of its structured products’ status under the Financial Services Compensation Scheme (FSCS) in the period up to January 2010.
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muzinich boosts high yield team
Muzinich & Co has hired Mike McEachern as a senior investment manager in its high yield team, joining from US-based Seix Investment Advisers.
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multi strategy fund from macro currency group
Specialist investment house, Macro Currency Group, has launched a multi-strategy currency fund called the Principal Global Investors Funds Multi Strategy Currency Fund.
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zurich overtakes tokyo as worlds
Zurich has, for the first time in at least 20 years, been ranked as the worlds most expensive city in which to live, according to the Economic Intelligence Units Worldwide Cost of Living Index.