Offshore Investment

Jersey will be well positioned to grow its alternative funds business when the Alternative Investment Fund Managers Directive comes into place, according to expert speakers at a recent conference organised by Jersey Finance in London.

Newdawn Consultancy & Research plans to release a study highlighting the global commercial opportunities for IFAs in the Qualifying Recognised Overseas Pension Scheme (QROPS) market.

Global remittance specialists Xendpay has launched it's global online money transfer platform, Xendpay.fr, in France.

The Luxembourg-based UCITS Alternative Investable Index Fund is to waive its management fee to become the first fund management company in the alternative UCITS' space to charge performance fees only.

The latest product launch from Friends Provident International (FPI) has launched five risk-rated model fund portfolios as part of is online Dynamic Portfolio Planner International (DPPi).

The Irish Funds Industry Association (IFIA) has announced plans to open a representative office in Hong Kong to tempt local managers seeking an offshore presence.

NatWest International Personal Banking (IPB) has launched a four and half year, fixed rate, structured deposit account called Equilibrium Issue 3.

Guernsey's zero-10 regime has been deemed "harmful" by the EU's Code of Conduct Group on Business Taxation.

HSBC Bank Middle East has entered into an agreement to merge its Oman branch with Oman International Bank (OIB), in a deal which will see HSBC hold 51% of the combined entity and retain management and board control.

The Isle of Man's pension industry is emphatic that it will emerge "almost unscathed" from the recently imposed changes to the UK's list of approved QROPS.