Generali, Schwab in UAE set ‘impossible’ choice for US expats
Two big providers have ripped the carpet from under a group of American investors in the UAE, says Vince Truong, partner at Dubai-headquartered financial planners Holborn Assets.
Two big providers have ripped the carpet from under a group of American investors in the UAE, says Vince Truong, partner at Dubai-headquartered financial planners Holborn Assets.
The US Securities and Exchange Commission (SEC) has charged a former broker with running a fraudulent mutual fund scheme.
The UK government’s plans to potentially scrap the current ‘advice safeguard’ on some overseas pension transfers has met with a mixed response from the financial services industry, with some experts welcoming the move while others believe it will put consumers at risk of being targeted by fraudsters.
The Isle of Man regulator has launched a second consultation on changes to the Insurance Act in response to the feedback during the initial consultation carried out at the end of 2015.
The UK’s Department for Work and Pensions (DWP) is considering whether to scrap the ‘advice safeguard’ for expats, which requires individuals to consult an FCA-regulated adviser before they can transfer their defined benefit (DB) pension savings into an overseas pension scheme.
Kenya’s financial services industry has raised concerns over plans announced by the country’s government earlier this year to merge four supervisory authorities in order to create one super regulator.
A new data sharing agreement has officially come into force with the HM Revenue and Customs (HMRC) expected to be handed the details of hundreds of thousands of offshore accounts on Friday as part of a move for wider transparency from the Isle of Man, Jersey, Guernsey and the Cayman Islands.
How will new mutual fund regulation in the UAE impact on portfolio bonds and unit-linked funds?
Financial advisers in the UK may be required to record phone calls to clients under the Financial Conduct Authority’s (FCA) proposals regarding Mifid II, which also looks at extending the RDR commission ban for portfolio managers.
Mark Lyttleton, a former star manager of BlackRock UK Absolute Alpha, has been charged with three counts of insider dealing by the Financial Conduct Authority (FCA).
Paying into an Isa or getting pension tax relief can never be tax avoidance, according to Richard Murphy, an economist and long-standing active member of the Tax Justice Network.
The head of the UK’s Financial Services Compensation Scheme (FSCS) has called for the £50,000 ($64,907,€57,770) limit on payouts for clients who receive bad financial advice to be scrapped.