Funds and finance: redistribution of wealth

Article Abstract:

There are plans in Britain to change the mechanism for distribution of investment company assets following bankruptcy. This does not often occur, but it is a possibility. The Financial Services Authority (FSA) is concerned about companies becoming involved in high-risk markets, when this could affect some low-risk investors. The FSA proposes segregation of client assests so that losses do not spread to another area of business. The industry has yet to rely to the proposals, though there may be concerns about the costs of such a scheme.

Bankruptcy law

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Close to home but how safe are they?

Article Abstract:

There are three key offshore centers near Britain, the Isle of Man, Guernsey and Jersey. Both Jesey and Guernsey operate compensation schemes for certain funds which are recognised by the UK Securities and Investments Board. The Isle of Man specializes in insurance-related products and houses 14 insurance companies which are geared to private investors. There are three compensation schemes including a deposit proection scheme. Luxembourg is also used by UK investors as an offshore center and there are 1,300 funds in this country's fund industry.

Insurance, Insurance Carriers and Related Activities, INSURANCE CARRIERS, Economic aspects, Personal finance, Isle of Man, Channel Islands (United Kingdom)

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Housing trusts not much of a hit

Article Abstract:

UK housing investment trusts (Hits) are a collective investment scheme geared to residential property. The Stock Exchange has changed regulations that impeded the launch of Hits, but there are no plans to launch a Hit. Returns are likely to arise from capital growth rather than from rent. The UK real estate industry is undergoing a recovery but no boom is forecast. Hits are specialized investment vehicles involving some level of risk, so investors should be cautious.

Real Estate, Real Estate and Rental and Leasing, Real estate industry

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