United Kingdom | 15 Jan 13
clydesdale bank intl latest to pull out of
Clydesdale Bank International, the Guernsey-based offshore arm of Clydesdale Bank, is closing to new business with immediate effect, following a review of the business.
growth seen for asia sales of term life
Global life insurance premiums are projected to grow by 3% this year, led by a rebound in emerging Asian markets, a Swiss Re study out today is forecasting, but it notes that “regulatory changes and low investment yields” will result in an increasing focus on risk protection products, such as term life insurance, rather than on savings products.
gibraltar looks to insurance and private client
The Government of Gibraltar has appointed two senior executives to its Finance Centre department to help with the development of the insurance and private client sectors in the British Overseas Territory.
Tax & Regulation | 14 Jan 13
pkf to brits with swiss accounts
Just because you don't have a UK tax liability owing on your Swiss bank assets does not mean you are safe to ignore the reporting requirements imposed by a new UK-Swiss tax deal that took effect on 1 Jan.
santander am granted permission for frankfurt
Santander Asset Management has received permission from the German regulator, Ba Fin, to open an office in Frankfurt.