Andy DeFrancesco s investment firm Sol faces legal battle with lender theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Thai Airways planesThai Airways, with liabilities of about US$11bil last year, expects its creditors to vote on the court-mandated debt recast plan on May 12, acting president Chansin Treenuchagron said.
BANGKOK: Thailand’s finance ministry, the largest shareholder of Thai Airways International Pcl, signaled its support for a restructuring plan that includes raising fresh capital, a temporary freeze on repayment of borrowings and slashing its workforce by half to return the debt-ridden airline to profit.
The key elements of the debt rehabilitation plan are “quite acceptable, ” Pantip Sripimol, director general of the State Enterprise Policy Office under the finance ministry, said yesterday. The ministry will study the restructuring proposals in detail before deciding on its vote, she said.
Drive IQ
Leading mortgage aggregator Finsure Group has formed a new partnership with software provider Drive IQ Technology to boost the digital asset finance offering to its fast-growing broker network.
Finsure General Manager – Aggregation, Simon Bednar, said the Drive IQ Technology platform provides a simple, automated end-to-end finance application process that fully addresses Best Interest Duty (BID) requirements.
“The Drive IQ Technology platform is 100 per cent compliant with National Consumer Credit Protection (NCCP) regulations and will assist our brokers wanting to focus more on the asset finance market,” Mr Bednar said.
“This partnership will deliver sophisticated underwriting and funding functionality, automated loan origination and improved transaction speed for the Finsure broker network, which is approaching 2,000 brokers.
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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