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Unregulated funds category for Jersey

Jersey is introducing an unregulated funds category in a bid to encourage hedge fund managers to domicile their funds on the island.

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Scottish Life launches income release plan

Scottish Life has launched an income release plan that allows clients the freedom to access their pension fund before retirement.The plan provides a traditional income drawdown facility but also allows customers to withdraw tax-free lump sums without the need to take income and then continue to save for retirement.Illustrations for the new product will be […]

Aifa appoints new public relations and marketing director

Aifa has appointed Tracy Elwick as its new director of public relations and marketing.Elwick was previously group marketing manager for Pet Protect Limited, part of Domestic and General, and has also acted as a consultant for a number of Government departments.Elwick replaces Tracey Mullins, who left the trade body to move to Dubai, and will […]

ABI says insurers well placed for Solvency II

The FSA’s Individual Capital Adequacy Standards briefing shows UK insurers are well placed to tackle the challenge of Solvency II according to the Association of British Insurers.ABI director of financial regulation and taxation Peter Vipond says the FSA’s Insurance Sector Briefing ‘ICAS – Lessons learned and looking ahead to Solvency II’ will help insurers prepare […]

Panorama investigation shows 70 per cent of repossessions are from sub-prime market

BBC programme Panorama will report on research which has found that seven out of ten homes repossessed in recent months were owned by sub-prime mortgage borrowers.Research shows that sub-prime borrowers equate for more than 70 per cent of 7,000 homes repossessed in the last three months.Panorama, which features tonight at 8.30pm on BBC 1, will […]

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