Offshore insurers campaign for EUSD exemption
Offshore insurance companies are lobbying for an exemption from a proposed extension of the European Union Savings Directive (EUSD).
News
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Uncertainly for Britannia IoM after Co-Op deal
Britannia Building Society and Co-Operative Financial Services say it is too soon to predict how the proposed merger of the two organisations may affect Britannia’s Isle of Man-based offshore su
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Gartmore launches long/short euro equity fund
Gartmore has launched its European Absolute Return Fund after a three-month delay blamed on extreme market volatility and temporary restrictions on short-selling.
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Asset management merger for Crédit Agricole and Soc Gen
Crédit Agricole and Société Générale are to combine their investment operations to create Europe’s fourth largest asset manager and the ninth in the world by a
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Fairbairn launches Guernsey QROPS
Fairbairn Trust Company has launched a Guernsey-domiciled QROPS. The scheme has been developed in the wake of amendments to Guernsey’s QROPS regulations.
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Guernsey opens doors to UK taxman
Guernsey has signed a tax information exchange agreement (TIEA) with the UK.
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Pressure on Isle of Man to abolish tax on pensions
Isle of Man fiscal authorities are being urged to abolish tax on pension income for non-residents in the wake of the UK seemingly rubberstamping the same approach in Guernsey. Firms offering Qualify&
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FPI sales buck group decline
Friends Provident International (FPI) saw a 12.3% increase in business in 2008, growth the company said was aided by the recent plunge in sterling.
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Single broker blamed as Brandeaux puts brakes on its property fund redemptions
Brandeaux, the London-based property fund manager, has become the latest in the real estate sector to suspend redemptions. Before implementing the measure, the firm had been bucking the industry
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Investor exodus continues
Asset management houses are slashing budgets, staff numbers and closing, merging or restructuring funds as they struggle to survive the global financial downturn.
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The two engines driving emerging market strength
China and technology are playing key roles in driving the emerging markets sector from strength to strength, according to the latest data from Morningstar Investment Management.
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Fragmented Hong Kong IFA market must engage with regulator
Hong Kong’s advice market needs to find a common voice to engage with the regulator to help drive improvements across the industry.