Deadline approaches for Dubai health insurance
Dubai residents who fail to secure mandatory health insurance cover before 1 April will face a fine of AED500 (£109, $136, €126) per month and risk their visa status.
Best Practice
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UK CISI advisers to visit South Africa on fact-finding mission
The Chartered Institute for Securities & Investment (CISI) is working with London-based firm Perceptive Planning to organise a fact-finding trip to South Africa in October.
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The Isle of Man’s new regulations and what they mean for life offices, advisers and customers
The Isle of Man insurance regulator, the Financial Services Authority (FSA), is soon to announce a new set of rules that will raise the bar on how international life business is conducted from the Isle of Man.
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Singapore regulator calls for end to ‘plague of misconduct’
The financial industry continues to be “plagued by egregious misconduct” and requires signficant reform, the Monetary Authority of Singapore’s managing director has said.
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Finance Bill offers no clarity on life policy part surrenders
The Finance Bill failed to shed more light on how HM Revenue & Customs plans to recalculate the gain on partial surrenders when policyholders withdraw money from their life insurance policies the wrong way, says Rachael Griffin, financial planning expert at Old Mutual Wealth.
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Gibraltar ‘in danger’ of losing Qrops status
Gibraltar must put in place a system for regulating personal pensions in just over two weeks to enable the jurisdiction’s Qrops to retain their status and continue to operate in the market.
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Global and gender diversity triumph at CISI awards
Women accounted for 43% of award winners at the Chartered Institute for Securities and Investment’s (Cisi) annual award ceremony with winners representing more countries than ever before.
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Staying ahead of ever-changing international regulation
David Denton, Head of International Technical Sales at Old Mutual Wealth talks international markets, offshore bonds and the enduring need for financial planning.
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Bankers need ‘flexible ethics’ to progress
One in eight bankers say it is difficult to progress in their careers without ‘flexible ethical standards’ and sometimes feel it is necessary to ‘bend the rules’, a review by the UK’s Banking Standards Board (BSB) has found.
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Four key IHT planning tips for residential nil rate tax band
Some changes in inheritance tax law can affect wills and trusts, including the introduction of the first tranche of the Residential Nil Rate Band (RNRB) of £100,000 on 6 April 2017, says Karen Clark, tax partner in charge of the London private client team at RSM.
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Why the new Qrops five-year circumstance change is critical
Many advisers woke up last Thursday morning aware their pipeline Qrops business had just been vastly reduced, says James Pearcy-Caldwell, co-founder of fee-based adviser Aisa International.
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IoM regulator open to dialogue on commission disclosure rules
The Isle of Man’s financial regulator has underlined the importance of fine-tuning the scope and timing of its commission disclosure rules for international life companies, amid industry concerns about an unlevel playing field with local companies in markets such as the UAE.