Advisers need to behave like fintechs
A European advice industry association is calling on advisers to push for the demolition of “absurd regulation” and to act like fintechs.
Author: Will Grahame-Clarke
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Thai insurance faces disclosure shake up
Life insurance providers will have to outline the fees and commissions they pay as part of proposed reforms in Thailand.
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Advice firm on acquisition trail after private investment
International adviser Plurimi Wealth is planning for expansion, including acquisitions, following a cash injection from Toscafund Asset Management.
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PEOPLE MOVES: Indosuez, Old Mutual, Vanguard
Indosuez appoints from within for chief executive, Old Mutual recruits from Aviva and Vanguard changes Australian leadership.
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US expats granted tax reprieve
American expats caught in a “ridiculous” tax aimed at US corporates have been granted a one-year reprieve.
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Regulatory review beckons for Gibraltar
The government of Gibraltar and HM Treasury are looking for a consultant to undertake a “diagnostic review” of the overseas territory’s insurance regulatory regime.
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UK sets out overseas compensation framework
Britain’s Crown Prosecution Service (CPS), National Crime Agency (NCA) and Serious Fraud Office (SFO) have agreed a framework to speed up compensation claims from overseas victims of economic crime.
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Legal & General exits Indian life venture with £45m profit
Legal & General Group is to sell its 26% stake in IndiaFirst Life Insurance to private equity firm Warburg Pincus.
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IFA firm acquisition costs face ‘upward pressure’ – AFH
Private equity and product providers are driving up the cost of buying bigger IFA businesses, according to serial acquirer AFH Wealth Management.
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Offshore tax measures behind UK evasion spike
HM Revenue and Customs identified a 20% jump in serious tax evasion cases in the past 12 months, according to data obtained by law firm Pinsent Masons.
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Investigators poised for STM ‘management responses’
Investigators from Deloitte looking into compliance at STM subsidiaries in Gibraltar will finalise their report “on receipt of the respective management responses from the various Gibraltar businesses”, the financial services firm said.
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Ex-C Hoare and First Names trio to enhance index service
The former heads of C. Hoare & Co Wealth Management, James Hoare and Annamaria Koerling, together with Andrew de la Haye, deputy managing director of First Names Group, have acquired a majority stake in Enhance MPI Ltd.