Close Bros reported to be looking to sell CI operations
London-based Close Brothers is looking to sell its Channel Islands operations, Sunday Telegraph says
News
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LDF £1bn target unrealistic, says Baker Tilly
HMRC is likely to achieve only half of the £1bn it hopes to raise through the LDF, says Baker Tilly.
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Nikko set to acquire Tyndall Investments
Nikko Asset Management is to acquire Tyndall Investments from Suncorp Group.
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Citigroup and ChinaAMC launch China equity fund
Citigroup and ChinaAMC have jointly launched a retail China equities fund.
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Ireland urged to raise corporate taxation in exchange for financial aid
Ireland is under pressure from EU partners to raise corporate tax to ease its debt problems
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IRS chief says US considering tax amnesty to flush out offshore accounts
The US is considering a new tax amnesty programme to lure taxpayers with undeclared offshore assets.
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F&C to take over management of Nevsky Capital funds
F&C has announced it is to take over management of Nevsky Capital’s Global Emerging Market Fund.
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Tax advisers warn terms tighten over LDF
Tax advisers are warning investors that the terms of the LDF have been tightened.
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Close Bank Guernsey appoints relationship manager
Close Bank in Guernsey has appointed David Costello as senior relationship manager.
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Standard Bank launches emerging market structured plan
Standard Bank Offshore has launched a structured product linked to returns in Brazil and China.
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FSA gives hope with RDR backtrack
The FSA latest consultation paper on the RDR has revealed it may not end bundled charging.
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IMA warns EU not to damage existing pension systems
Regulation for a single Europe-wide pension should not damage existing pension provisions.