IoM Kaupthing depositors to get first payment next week
Depsitors caught by last Octobers collapse of the Isle of Mans branch of Kaupthing Singer & Friedlander will receive their first dividend from the banks liquidator next Friday.
News
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hong kong intermediaries daunted by new regs
Hong Kong insurance brokers and intermediaries are scrambling to meet a September 30th compliance deadline for new guidelines aimed at boosting the protection of consumers buying insurance products.
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Regulator says SFC licence not needed to sell fund-linked insurance products in Hong Kong
The Securities and Futures Commission (SFC), which regulates Hong Kong’s stock and futures markets, has declared that insurance intermediaries and brokers do not require an SFC investment advisers’ li
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Advisers should look to PMI to help weather downturn
Paul Weigall, head of sales for international private medical insurer Interglobal, argues intermediaries can enhance their bottom line in these straitened times by focusing on PMI.
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HSBC enters European ETF market with FTSE tracker
HSBC launches its first European exchange traded fund tomorrow, which will be Dublin-domiciled and listed on the London Stock Exchange.
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HMRC clarification of Liechtenstein ‘amnesty’ leaves tax experts puzzled
Advisers have urged HMRC to clarify details of the Liechtenstein Disclosure Facility (LDF), amid claims tax cheats could switch assets to the principality to secure less punitive treatment than under
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Royal London 360° unveils unit-linked whole of life protection product
Royal London 360° has this week expanded its product range with the launch of a unit-linked whole of life protection policy called LifePlan.
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UBS agrees to hand over account details to IRS
UBS has agreed to disclose the names and account details of more than 4,450 Americans it suspects of evading tax to the US Internal Revenue Service (IRS).
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Standard Life Int’l adds structured deposits to International Bond
Standard Life International has added a series of structured deposit accounts to its offshore bond.
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Au revoir New Zealand, Australia: UK expats prefer France, Halifax Intl says
Au revoir New Zealand, oubliez Australia: when it comes to leaving the UK to settle somewhere else, Britons still prefer France, according to new data from Halifax International.
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Credit Suisse launches Mena Sicav
Credit Suisse has launched a Ucits III Middle East and North Africa (Mena) region fund in its Luxembourg Sicav.
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Vam launches Asia fixed income fund
Vam Funds has launched a Ucits III Asia fixed income fund in its Luxembourg Sicav.