Zurich sells Openwork stake in early exit
Zurich has sold its 25% stake in Openwork two years earlier than expected, handing majority ownership to the IFA network’s partners.
Property fund slams closure of Serious Fraud Office case
An investigation into allegations of fraud against investment companies operated by Guernsey-based Stirling Mortimer has been closed by the Serious Fraud Office due to insufficient evidence – a decision that has been strongly criticised by the fund house.
Politicians excluded from Pakistan tax amnesty
Senior government officials, politicians and holders of public office cannot take advantage of a new Pakistani tax amnesty, the country’s taxman has confirmed.
Fairstone poised to buy nine IFAs this year
Fairstone is set to acquire IFA firms in Leicester and Stockton-on-Tees and anticipates it will line up seven more acquisitions this year.
Promising yields on offer with European equities
Yields are looking attractive and there are some interesting capital growth opportunities in some segments of the Europe ex UK market, according to fund analysts Morningstar.