The true cost of currency
Rachael Griffi highlights the importance of currency risk for people moving abroad
News
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Double digit growth predicted for Middle East insurance market
Nexus, the Dubai-based IFA firm, believes the market for insurance products in the Middle East is set for double digit growth in 2010 on the back of the uncertainty created by the financial crisis
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Dubai FSA grant GMG licence
Swiss-based family office GMG, part of G2 Group, has been granted a licence by the Dubai Financial Services Authority to operate an authorised firm from the Dubai International Financial Centre (DIFC)
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Standard Life fined £2.45m by FSA
Standard Life has been fined £2.45m by the FSA for ‘serious systems and controls failures’ in relation to its Pension Sterling Fund, and says the fine signals its intention to crack down on regulatory
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Pru launches five OBSR-risk-rated fund-of-funds to give IFAs free expertise
Prudential on Friday is launching a range of five actively-managed, risk-rated multi-asset fund-of-funds.
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Good life turns sour for many expats in wake of sterlings fall, survey finds
Expatriate Britons are struggling to cope with the mostly weakening pound in a number of key offshore markets, a survey by foreign exchange provider Moneycorp has found, with those in Spain described
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OECD hails 2009 as year of most progress in tax evasion fight
More than 300 tax information sharing agreements were signed in 2009 by countries previously reluctant to open their affairs to international financial scrutiny, more than in any other year in the pre
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Former Close MD banned from Jersey’s financial industry after forging qualifications
A former managing director of Close Wealth Management has been banned from working in Jersey’s finance industry after being found to have forged her qualifications and for refusing to reveal her true
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Sterling hits four month high against euro
Sterling hit a four month high against the euro today after a higher than expected rise in UK inflation data and mixed economic figures from the eurozone strengthened its position
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Prudential to discontinue insurance operation in Japan
UK insurance giant Prudential said it will discontinue writing new business in Japan, effective next month, citing the “local business environment in Japan and other factors over the past year”.
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Abbey International offers 3.6% over 18 months
Abbey International, the Jersey-based offshore banking arm of Banco Santander, has introduced an 18-month fixed rate deposit account paying 3.6% gross.
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Royal London 360° appoints wrap relationship manager
Royal London 360° has appointed Mike Lane as wrap relationship manager, a new role the firm created to meet increasing investor demand for wrap products