isle of man life companies are ready for uk rdr
The Manx Insurance Association is ‘confident’ that its members are in a position to offer RDR compliant products and services for business written from 2013.
Author: Mark Battersby
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uk financial planner to become fpsb chairperson
Barry Horner, the well-known chief executive of the fee-based UK firm Paradigm Norton Financial Planning, is to become the new chairperson of the Financial Planning Standards Board’s council.
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ailo 25 anniversary dinner
International life offices were described as the “jewels in the crown” of their parent companies last night, as the Association of International Life Offices marked its 25th anniversary at a black-tie event in Greenwich’s historic Painted Hall.
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mia to open up with new type of membership
The Isle of Man's Manx Insurance Association is to allow lawyers, accountancy firms and trustee companies to join as associate members for the first time.
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qrops generate 72 million in fees for ifas
The QROPS market generated fees and commissions in excess of £72m between January 2011 and 2012 for international IFAs, according to NewDawn Consultancy & Research.
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singapore regulator ticks off pias
Professional Investment Advisory Services has been reprimanded by the Monetary Authority of Singapore for failing to ensure that “two of its representatives held the requisite licence under the Financial Advisers Act to carry out the financial advisory activities of advising others”.
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standard life asia launches first renminbi plan
Standard Life Asia has launched its first renminbi (RMB) denominated life insurance plan with a number of innovative features.
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l g intl reveals rdr charging
Legal & General International (Ireland) has set out the position on payments for its International Portfolio Bond in the run up to and post implementation of the retail distribution review (RDR) in 2013.
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Standard life opens in singapore
Standard Life is to open its first branch in Singapore later this month with a nine-strong team who will work with 24 IFA firms and bank distributors.
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celebs used tax breaks from shipwreck salvage
Celebrities and some of Britain’s most senior businessmen invested more than £110m into marine treasure hunts, which allowed them to avoid tax on millions of pounds, according to The Times newspaper.
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john spellman to become iom director of fs
John Spellman is to become the Isle of Man’s director of financial services with immediate effect, having spent the past couple of years as a special adviser for the island’s department of economic development.
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hmrc head of tax is targeted by protesters
Protesters gatecrashed a college at the UK’s famous Oxford University where HMRC’s former head of tax Dave Hartnett was giving a speech, according to this week’s Oxford Times.