FPI adds volatility funds
Friends Provident International (FPI) has launched a trio of funds designed for volatile stock market conditions.
News
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Australia tweaks taxes for overseas investors in bid to boost fund inflows
Australia has made a number of changes to the way foreigners who invest in its mutual funds are taxed in a bid to make the sector more attractive to international investors and has mooted several more
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HMRC wins case for access to 308 banks offshore accounts
More than 300 financial institutions have been ordered to hand over details of customers with offshore accounts after HM Revenue & Customs won so-called production orders against them.
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de Vere & Partners buys Programmes for Wealth International
De Vere and Partners, the international IFA firm, has bought web-based investment broker Programmes for Wealth International (PWi), its latest acquisition following the purchase of what was Financial
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Britannia launches new issue of its Guaranteed Capital Bond
Britannia International has launched a new issue of its Guaranteed Capital Bond, which will pay a fixed return of up to 5% a year over six years provided the FTSE does not fall below 75% of its starti
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Landsbanki depositors to receive further 25%
Landsbanki Guernsey depositors have been told they will receive a further 25% of their money back by early next year at the latest.
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BNY Mellon snaps up Insight for £235m
Insight Investment has been sold to BNY Mellon in a £235m deal by parent company Lloyds Banking Group.
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International life sector braces for consolidation after Friends Prov takeover
Friends Provident International (FPI) has suggested a fresh round of consolidation in the offshore life industry may begin in the next 18 months as new owner Resolution seeks out more takeover targets
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UK agrees tax evasion deal with Liechtenstein
UK authorities have agreed an unusual deal with Liechtenstein that offers British tax evaders with accounts there limited penalties in exchange for accounts disclosure.
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Slow recovery means stage is set for fixed income
Gregory Turnbull-Schwartz, fixed income manager for Aegon Asset Management, argues that conditions will remain right for investment grade debt for some time to come, contending runaway inflation is un
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New European IFA association sets out its goals
Helping IFAs cope with the growing regulatory burden in the EU will be a “major goal” for Feifa, the new trade association for financial advisers based in Europe.
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Friends agrees to Resolution takeover
Friends Provident is to be taken over by Clive Cowdery’s Resolution Holdings after the board of FTSE 100 insurer backed the Guernsey-domiciled investment vehicle’s latest 1.86bn bid.