Professional development mandatory for all members: CISI
The Chartered Institute for Securities & Investments (CISI) is introducing mandatory continuing professional development (CPD) for its global membership.
Best Practice
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Muted response to FCA plans on shopping around for annuities
Proposals from the UK’s Financial Conduct Authority (FCA) that would require annuity providers to tell customers what they could gain by shopping around and switching have been met with muted enthusiasm.
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OMI launches ‘better products’ drive for international advisers
Old Mutual International (OMI) has launched a new initiative to provide international advisers and clients with access to structured products which must meet set criteria on transparency, simplicity and value, the Anglo-South African insurer said in a statement.
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Hong Kong regulator pushes for fee transparency
Fund distributors in Hong Kong will have to disclose any monetary benefits they receive prior to, or at the point, of sale, under new proposals from the Securities and Futures Commission (SFC).
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International Adviser Best Practice Adviser Awards 2016 results – Middle East
The final set of winners to be revealed in International Adviser’s Best Practice Adviser Awards 2016 series for the Middle East region were announced on Wednesday afternoon at the Shangri-La Hotel, Dubai after the Future Advisory Forum.
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Old Mutual Wealth and CII launch adviser academy
Old Mutual Wealth has partnered with the Chartered Insurance Institute (CII) to launch an Investment Academy, designed to help advisers meet new CII criteria.
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Game-changing UAE insurance regulation: what does it mean?
Life and investment product providers, fund managers, and intermediaries need to swiftly absorb what the potentially game-changing regulation for the UAE’s life insurance industry means for their business and be ready to provide their feedback before the 30 November cut-off date, say Tom Bicknell, Wayne Jones, and Peter Hodgins of international law firm Clyde &…
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Mifid II time consuming and complex, say asset managers
Mifid II is a big concern for around three-quarters of global asset managers, who think regulators need to provide better guidance and tools to navigate the increasingly complex landscape, according to State Street Corporation.
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Asia a key market for UK insurance sector growth, says ABI
The Association of British Insurers (ABI) has identified eight countries as priority markets for the expansion of the UK’s insurance and long-term savings markets, all of which are located in Asia.
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Meet the Warringtons part 4: death, taxes, and inheritance
The fictional Warrington family is forced to deal with dividing the estate of patriarch Eric, inheritance tax, and an unexpected claim against the estate in the latest case study from Edward Stone, partner at Irwin Mitchell Private Wealth.
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ANALYSIS: FCA report puts closet trackers on notice
Unsurprisingly, most of the responses hitting the inboxes of industry journalists through the course of an otherwise quiet Friday began with “welcoming” messages to the FCA interim report on the asset management industry.
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Offshore firms hit worst by increased compliance demands
Compliance requirements are a greater burden offshore, driving up client charges and forcing some firms to turn away business, research from Step has found.