Final Results and Notice of Insetco AGM

RNS Number : 9240F
Insetco PLC
22 June 2012

22 June 2012
Insetco plc
(“Insetco” or the “Company”)

Final Results and Notice of AGM

Insetco plc, a company specialised in the arranging and structuring of securitised products based on senior life settlement policies, is pleased to announce its final results for the year ending 31 December 2011.


Life Settlement Consulting to Restructure QI Porfolio

Quality Investments –
Restructuring into The Strategic Life Settlement Fund Plc

On Friday 8 June 2012 the assets and liabilities of the troubled Quality Investments (QI) fractional interest life settlements programme transferred to a new sub fund of The Strategic Life Settlement Fund Plc, following the Trustee’s acceptance of the restructure proposal from Life Settlement Consulting (LSC).  Shares in the sub fund will be issued to a Special Purpose Vehicle (SPV) that will issue asset backed bonds to replace the fractional interest entitlements.



Appraisal Process Update 12 June 2012

The Steering Group has received permission to put up the following statement from a director of ARM:

“The committee is working towards a short list of proposals and will be made first week in July!

An ISE (Irish Stock Exchange) announcement is being prepared currently to be by the committee which I will review and post as soon as possible.”

US regulator says large providers may hold sway with FSA

Former SEC director warns about checks and balances on UK watchdog.

By Donia O’Loughlin | Published 14:53 | FTAdviser

The regulator may be influenced by big institutions within the UK because no one has a “formal, oversight role” over the Financial Services Authority, a former US Securities and Exchange Commission assistant director told FTAdviser.