Billion Global guilty of fund scam
Billion Global Asset Management and Chan Chun Wai marketed a fund which did not exist.
News
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RBC establishes Singapore trust company
RBC Wealth Management has established a new trust business in Singapore.
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Barclays Capital pulls wraps from latest index-linked deposit accounts
Barclays Capital has removed the wraps from its latest batch of index-linked deposit accounts.
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Online life insurance product is hit for Global Benefits
Advisers with expat clients have helped to make a hit out of a new Global Benefits Europe product.
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US continues to press Switzerland for bank details
The US is threatening legal action against 10 Swiss banks if they don’t hand over client information
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HSBC launches China consumption fund
HSBC has launched a fund aiming to capitalise on continued growth of consumption in China.
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European advisory group to help launch Russia mag for IFAs
FECIF is to help a Russian advisory organisation to publish a new online magazine for Russian IFAs.www.infinplan.ru/
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australia new zealand guernsey dominate qrops mkt
Almost 80% of pensions transferred into QROP schemes have gone to New Zealand, Australia or Guernsey
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New International Adviser website launches today
Last Word Media launches new International Adviser website
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New Zealand provider challenges govt plans to scrap QROPS
Super Trustee Fund has written to the NZ gov’t asking for it to amend plans which would end NZ QROPS
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ALC Health launches exclusive policy for EU residents
ALC Health has launched a global travel insurance plan designed specifically for use by EU residents
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Chile cools on Irish funds
Chile’s pension authority has announced that Irish domiciled Ucits funds no longer meet its criteria