News

Here we list who has moved where in another busy week in the offshore sector.

The Financial Services Compensation Scheme (FSCS) is writing to investors who may have lost money as a result of the high-profile defaults of Square Mile Securities (SMS) and Pacific Continental Securities (PCS).

The Dow Jones was up in early trading on Wednesday, adding 50.73 points (0.65%) to 7,840 shortly before 10am local time.

A quarter of financial services providers pinpoint cost as the biggest barrier to launching new products, research suggests.

Media IFA Philippa Gee has joined fund of funds house T. Bailey as head of marketing and communications.

Mortgage Brain has launched an overseas sourcing module, enabling intermediaries to provide overseas finance options to their clients, in association with Conti.

Barclays Wealth has enhanced the terms of its latest Defined Returns Plan (Capital Protection) product, offering improved returns on two of its three options.

UK residents are being urged to purchase medical insurance before visiting the Channel Islands from now on after a bilateral healthcare agreement between the UK and the Channel Islands was cancelled.

A quarter of US dollar offshore savings accounts were paying no interest at all on deposits during 28 November to 27 February, according to Investec Bank (Channel Islands).

The UK and Liechtenstein have agreed to reach a formal tax information exchange agreement (TIEA) in the near future, following bi-lateral negotiations on tax transparency.