EEA

An action group set up to claw money back from the suspended traded life settlement fund EEA is urging investors to apply to redeem up to 5% of their shares, before the deadline of 28 November.

Poor advice claims that have cost restricted national adviser Origen at least £3m in reviews and redress - and pushed it further into the red this year - are the fault of advisers who have exited the firm, not the current team, business development director...

EEA Group, the company behind the EEA Life Settlements fund, is urging investors who believe they were mis-sold the product to complain to the intermediaries who arranged the sale, following an alert by the Financial Conduct Authority (FCA).

Financial Services Compensation Scheme (FSCS) chief executive Mark Neale has warned UK levy payers could suffer if Europe does not come up with clear rules around consumer protection in the insurance space.

The restructure of the suspended EEA Life Settlements fund has been postponed until the regulator receives the company's delayed audited accounts for 2012.

Investors who have been trapped in the EEA Life Settlements fund for over a year yesterday voted in favour of restructuring the company.

Suspended traded life settlements fund EEA Life Settlements has told shareholders to approve a restructure of the troubled vehicle or else face its liquidation.

Suspended traded life settlement fund EEA Life Settlements has reported a 10% drop in the net asset value (NAV) of the vehicle.

The auditors of the suspended EEA traded life settlement fund has said the fund is worth $100m less than the value recorded in the company's financial statements.

Gibraltar's Chief Minister, Fabian Picardo, refuses to be flustered over the currrent wrangling within the UK government over its continuing EU member status.