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News

Income

Partnership valued at £1.5bn for IPO

Partnership Assurance Group, the enhanced annuity specialist, has set its offer price at 385p per share meaning its implied market capitalisation for its initial public offering (IPO) is £1.5bn.

clock 07 June 2013 •

Fixed Income

Insight launches diversified global credit fund

Insight Investment has launched the Insight Buy and Maintain Bond fund for Adam Mossakowski, aiming to provide diversified exposure to global corporate bonds.

clock 06 June 2013 •

Economics / Markets

Checkmate for King as QE stays on hold in final meeting

The Bank of England has opted against further quantitative easing (QE) at Mervyn King's final Monetary Policy Committee meeting, dashing the governor's hopes of more stimulus.

clock 06 June 2013 •

Regulation

FSCS to help failed Carleton credit union customers

The Financial Services Compensation Scheme (FSCS) is looking into whether it can help customers affected by the shut-down of Carleton Credit Union Limited in Portadown.

clock 06 June 2013 •

Economics / Markets

Lighthouse paid Hickey £259k following AIM delist

Lighthouse Group has compensated the former executive chairman, David Hickey, £259,000 following his resignation from the post in August last year.

clock 06 June 2013 •

Regulation

FSCS finalises claims process for Fyshe Horton Finney

The Financial Services Compensation Scheme (FSCS) is currently finalising the claims process for Fyshe Horton Finney (FHF), a stockbroker that entered the special administration regime (SAR) earlier this year.

clock 06 June 2013 •

Wrap/platforms

SimplyBiz selects Zurich for platform roll-out

Zurich has confirmed the full roll out of its retail platform for SimplyBiz, the provider of support services to advisers.

clock 06 June 2013 •

Investment

Standard Life links with consultant for SME auto-enrolment package

Standard Life and Punter Southall Defined Contribution Consulting (PSDCC) have signed a strategic auto-enrolment (AE) deal for small to medium enterprises (SMEs).

clock 06 June 2013 •

Offshore Investment

Gibraltar ready to sign its first DTA

It is believed Gibraltar is close to signing its first Double Taxation Agreement (DTA).

clock 06 June 2013 •

Mortgages

Help to Buy makes 'flying start' with 4,000 reservations

About 4,000 reservations have been made for new homes using the government's Help to Buy scheme in just two months since the launch.

clock 06 June 2013 •
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