life settlement

An investors' forum representing £17.5m of business in stricken life settlement provider ARM Asset Backed Securities has called for an urgent bondholders' meeting to discuss the lack of progress in compensating investors.

Wrap platform Transact has appointed Jeremy Brettell to its board of directors.

Advisers with clients in the suspended EEA Life Settlements Fund are to be offered an exit strategy following the Financial Services Authority's (FSA's) decision to ban the asset class for retail investors.

The FSA's decision to restrict the sale of traded life policy investments (TPLIs) looks likely to spread to other alternative investments, according to a law firm and life settlement trade body.

Two investor groups set up to help recover assets from life settlements provider ARM Asset Backed Securities have clashed over allegations of "misinformation."

EEA Fund Management has welcomed yesterday's "helpful" guidance from the FSA, on its intention to ban the sale of traded life policy investments (TPLIs) to retail clients.

The Financial Services Authority (FSA) has hinted it may impose stricter regulatory requirements on firms recommending traded life policy investments (TLPIs) after issuing final guidance stating they should not be promoted to most retail investors.

The European Life Settlement Association (ELSA) has blamed the "sensationally negative" FSA for damaging the traded life policy sector (TLPI) sector.

A $60bn hedge fund is among four bidders for the assets of life settlements fund ARM Asset Backed Securities.

Stephen Hunt, founder of retirement specialist Rockingham Independent, owes the company almost £100,000, according to a report by liquidator Probitas.