The proposed pension scheme for expatriates in the United Arab Emirates will not be subsidised or guaranteed at a government level, according to an economic adviser at the Dubai Department of Economic Development.
Dubai-based financial advisory group, One International has acquired South African IFA firm, Sterling Associates.
Spokesmen for depositors who lost money in the collapse of Guernseys Landsbanki and the Isle of Mans Kaupthing Singer & Friedlander subsidiaries said they were disappointed by a decision on Friday by an Icelandic court, which will ensure some other losers in the collapse of Icelands major banks will get back most of their money…
Coutts & Co is to drop the RBS branding from its international business from tomorrow, it has been confirmed.
Hong Kongs financial services regulator has borrowed a page from anti-crime organisations like Britains Crimestoppers by starting to post, on its website, the photographs and personal details about individuals it is seeking to interview in connection with possible crimes.
Royal Skandia and Concept Group have created a QROPS with a fee structure aimed at clients with transfer values of less than £75,000.
Principal Global Investors has opened a new office in Dubai, its first in the Middle East, and appointed Wassim Nasrallah as managing director.
High yield bond funds saw record inflows of $4.7bn (3.36bn, £2.93bn) last week as risk appetite returned among investors.
The head of Hong Kongs Securities and Futures Commission has warned that regulation should not be used as a competitive tool but should be directed at containing systemic risks and protecting investors.
The number of funds covered by EFAMAs cross-border fund classification has more than doubled in three months, in a bid to provide investors across the continent with more transparent information.
RBC Wealth Management has appointed two US-based directors, to cover the north-east and west coast regions of the country.
Hawksford Group, one of the Channel Islands largest independent trust companies, has named Grant Osborn-Smith to manage its Zurich office, which it acquired last July when it bought Zurich-based L-S&S GmbH, as part of its international expansion strategy.
