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Allianz Global Bric building in UK

Allianz Global Investors is planning to launch a UK version of its German emerging markets Bric fund. The German version invests in Brazil, Russia, India and China and has raised 57m since launch this year.

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Network adds trust to contracts

Whitechurch is introducing a declaration of trust to all contracts to protect members against commission losses if the network ever goes bust. It stresses the clause has been introduced in response to IFA concerns over the networks which went into liquidation last year owing members commission and not because it is any danger of going […]

PI firm Fabien collapses with debts of 700,000

PI broker Fabien Risk Serv- ices has gone into liquidation and is under investigation by the FSA. The firm, whose client list included IFAs and an as yet unnamed adviser network, collapsed earlier this month with debts of over 700,000. Begbies Traynor has been appointed as liquidator fol-lowing a meeting between creditors and shareholders on […]

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