Friends Provident acquires German distribution partner
Friends Provident Group, since last summer owned by Resolution, is to buy its German distribution partner.
News
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Guernsey bank deposits fall in third quarter
Bank deposits in Guernsey fell by 3.5% in the third quarter of 2009 and 11.8% from the same time a year earlier, the Guernsey Financial Services Commission reported, citing a significant decline in Sw
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Clydesdale Bank Intl reports growth despite Guernsey deposits fall
Clydesdale Bank International, the National Australia Bank Group division that opened a deposit-taking arm on Guernsey in April, reported “significant growth” in the third quarter of 2009, even as ban
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British ex-pats lose £2 million in sham investment scheme
Five men have been jailed after using independent financial advisers based offshore to attract investments for their fraudulent commercial property loans business, the Serious Fraud Office said today.
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Landsbanki Guernsey administrators announce third distribution
The joint administrators of the Guernsey branch of the failed Icelandic bank Landsbanki said a third distribution to creditors of between 11 and 12.5p in the pound will take place in January.
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Irish eyes smile on rival jurisdictions hedge funds
Ireland has introduced legislation aimed at encouraging hedge funds domiciled in other jurisdictions to move to Dublin, a move that was welcomed by the Irish Funds Industry Association.
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Centurion launches first-ever macro/micro longevity fund
Centurion Fund managers has obtained regulatory approval in Luxembourg for what it said is the first open-ended fund to combine macro and micro longevity life settlement exposure.
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Resolutions Friends Provident to buy its German distribution partner
Resolution, the parent company of Friends Provident, said today that Friends Prov is to buy Financial Partners Business AG, its German distribution partner. The price was not disclosed.
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PBR – IHT planning with trusts clampdown
Deborah Moon, technical manager for Royal London 360°, explains one of the changes to IHT planning with trusts following last week’s Pre-Budget Report
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Zurich International Life’s top man in the Middle East defects for rival
Carlos Sabugueiro, Zurich International Life’s Dubai-based chief executive for the Middle East and Africa, has quit the role after just over a year in post.
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Aviva re-opens euro property fund
Aviva Investors has re-opened its European Property Fund for dealing, having been closed for more than a year originally due to liquidity issues.The fund temporarily suspended dealing on 4
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UK MP calls for UK intervention to ensure full compensation for all KS&F Isle of Man depositors
UK MPs are being asked to support an early day motion which blames the collapse of Kaupthing Singer & Friedlander’s Isle of Man operation on the FSA’s decision to revoke the Icelandic bank’s UK deposi