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News

Offshore Investment

Get ready for the International Fund & Product Awards

This year's International Fund & Product Awards will soon open for entry. The awards recognise the achievements of the offshore financial services industry.

clock 07 February 2012 •

Offshore Investment

Spain tops FX destination with UK a surprising second

Almost a quarter of all foreign exchange transactions in 2011 (24.99%) were sent to Spain. However, while France took the third spot with 14.83% of all transactions followed by the US in fourth place at 9.01%, one of the most surprising results was the...

clock 07 February 2012 •

Service

Govt will not place insurance expert on FPC

The government will not ensure the new Financial Policy Committee (FPC) includes an expert on insurance, the Chancellor has said.

clock 07 February 2012 •

Regulation

Government continues to steer clear of Arch Cru probe

The government has once again turned down a request from an MP for an independent investigation into the Arch Cru collapse.

clock 07 February 2012 •

UK

Glencore and Xstrata confirm $90bn merger

Mining company Xstrata has formally announced its intention to merge with Glencore, the world's largest commodities trader, creating a commodities 'powerhouse'.

clock 07 February 2012 •

Bonds

Schroders launches Strategic Bond fund for new hire Isaac

Schroders is launching a strategic bond fund for former GLG fixed income star Gareth Isaac and head of global macro Bob Jolly.

clock 07 February 2012 •

US

BP hikes dividend as Q4 profits soar to $7.6bn

UK oil leviathan BP today announced its first dividend hike since it resumed payouts a year ago, after revealing profits had soared in the fourth quarter of 2011.

clock 07 February 2012 •

RDR

Rise of internet sees number of HNWs using IFAs halve

The number of people earning more than £100,000 per year who use financial advisers has halved since 2008, according to AT Kearney.

clock 07 February 2012 •

Wrap/platforms

Ascentric welcomes 230 adviser firms as sales rise 8%

Ascentric saw net new assets rise 8% in 2011 after 226 extra adviser firms signed up to the Royal London-owned wrap.

clock 07 February 2012 •

Investment General

Investors begin quest for compensation in £90m boiler room scam

Advisers with clients exposed to boiler room brokerage Sky Capital have begun enquiries into compensation, IFAonline understands.

clock 07 February 2012 •
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