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Expat Investor : July August 2008
NEWS July/August 2008 ? EXPAT INVESTOR 3 Focus from Fairbairn Private Bank is a fully integrated banking and investment service that can constantly change to meet your evolving requirements. With a multi-currency bank account, gold status Visa card, fixed term deposits, foreign exchange, share dealing services, investments, lending, structured products and pensions, this is truly a service for everyday life, throughout your life. So if you’re looking for the most adaptable, award-winning account from the Best International Wrap Provider, take a closer look at Fairbairn Private Bank. To find out more about our award-winning wealth management services, call us on +44 (0) 1624 645000 or visit www.fairbairnpb.com Focus * Best International Wrap Provider ( EXINV) The award-winning account that adapts to your needs. distinctly different Fairbairn Private Bank is a registered trade name of Fairbairn Private Bank (IOM) Limited and Fairbairn Private Bank Limited. Fairbairn Private Bank (IOM) Limited is licensed by the Isle of Man Financial Supervision Commission to take deposits and provide investment services. Registered office: St Mary’s Court 20 Hill Street Douglas Isle of Man. The London office is authorised and regulated in the UK by the Financial Services Authority. Fairbairn Private Bank Limited is regulated by the Jersey Financial Services Commission to carry on deposit-taking and investment business. Registered office: Fairbairn House 31 The Esplanade St Helier Jersey. Latest audited accounts are available on request. Authorised and regulated in the UK by the Financial Services Authority in respect of regulated mortgage contracts only. UK Financial Services Authority registration numbers: Fairbairn Private Bank (IOM) Limited 313189 Fairbairn Private Bank Limited 313187 2008 Winner Best International Private Bank Group Best International Wrap Provider 2007 Winner Best International Private Bank Best International Investment Platform Provider 2006 Winner Best Offshore Bank Best Commitment to Service 2005 Winner Best Offshore Bank Best Offshore Bank Product (FOCUS) Best Internet Service 2004 Winner Best Offshore Bank 2003 Winner Best Offshore Bank Best Offshore Bank Product (FOCUS) 2002 Winner Best Offshore Bank Best Offshore Bank Product (FOCUS) 2001 Winner Best Offshore Banking Product Range * Fast Facts 66120 Fast Facts 66001 The right card saves pounds on your euros OVER four million Brits holidaying in Europe this month will not only find themselves hammered by an ever weakening pound, but also by hefty foreign exchange fees and transaction charges if they don’t use the best credit or debit card. Steve Willey, head of credit cards at moneysupermarket.com, says, “While the strength of the euro is of concern to holidaymakers, using the wrong foreign exchange product can be even more costly. “A credit card with purchase protection of 90 or more days is the best option for purchases overseas. “Not only do the credit cards from the Post Office, Nationwide and Saga offer this, but they also have zero per cent purchase offers of between three and six months and don’t levy foreign exchange fees in Europe. “This is a far better prospect than their rivals that charge between 2.73 and 3.0 per cent. “The Nationwide Flex debit card is the best product for overseas cash withdrawals as there are no extra charges. “In contrast, a €100 withdrawal with a Lloyds TSB debit card will incur a £2 transaction charge plus a 2.99 per cent foreign exchange fee. “If you are stuck with an uncompetitive debit or credit card and don’t have time to get a new one, the Caxton FX prepaid card is a good option. And if you are worried about overspending, prepaid cards will only allow you to spend what is on the card.” Close launches buffering fund fund will have a high weighting in cash or near-cash securities in favour of other asset classes. Close reports this will be complemented by alternative investment opportunities that will support the fund objective. The fund will be managed by the averse investors. “We remain gloomy about the economic outlook and anticipate a further worsening in the credit backdrop over the coming months. Consequently we feel that the launch of our Conservative Strategy Fund is timely for investors.” The fund offers investment opportunities for those who: ? place a high priority on the security of their assets. ? require a cautious approach to investing or are unsettled by current market conditions. ? do not feel comfortable with the current risks associated with investing in a single asset class. CLOSE Wealth Management has launched its Conservative Strategy Fund to buffer investors against market turmoil. This new cautious fund has been added to Close’s existing range of multi-asset, multi-manager fund of funds, in response to the deteriorating economic outlook and demand from investors who report a low appetite for capital fluctuations within their investment portfolio. The Close Conservative Strategy Fund focuses on capital preservation and aims to beat cash deposits, inflation and fixed income investments consistently over the medium to long-term. The fund is designed to strip out market volatility and avoid the risks associated with cyclical, single–asset investments. It is anticipated that the multiple-award winning Manager Mark Parry, who holds several accolades including the number one ranking for a gilt fund over 1, 2 and 3 years. Chief Investment Officer Mark Bray, said: “The Conservative Strategy Fund may suit very risk-
May June 2008