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A student accommodation fund listed offshore has become the latest in a string of such vehicles to be suspended after a spate of withdrawals used up all its cash reserves.
The Financial Services Authority (FSA) has been cleared of wrongdoing by the Complaints Commissioner after a consumer complained over its handling of alleged mis-selling of an equity release-style scheme.
The Connaught Asset Management board has proposed winding up the suspended Connaught Income Series 2 offshore fund.
Channel Islands law firm Carey Olsen plans to extend its legal advice services to the Cayman Islands and the British Virgin Islands (BVI).
EEA plans to reopen its £600m life settlements fund "as soon as possible", once the outcome of an FSA consultation on the sale of traded life policy investments (TPLIs) has been agreed.
A Channel Islands-listed fund which held "substantial" assets with failed broker MF Global UK Limited has ceased trading.
Advisers with clients invested in life settlement fund EEA have branded the Financial Services Authority's (FSA) rhetoric on traded life policy investments (TPLIs) "reckless" after the fund was forced to close.
Guernsey is on the brink of introducing its Foundation Law. Hannah Beecham reports on what a Foundation is and why Guernsey believes its new legislation will earn this latest product a place in the premier division