Over 60% of UK expats will never move back home
As seven-in-10 say they still regularly send money to Britain
Middle East
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PEOPLE MOVES: HSBC PB, Mattioli Woods, Schroders PW
Bank names global head of products and investments, wealth firm hires acquisition development officer
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Global life sales rise by 28% at Aviva
UK operation sees new business increase to £2.9bn in Q1 2020
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Axa partners with UAE insurtech firm on affordable protection
To target over 10 million people across the Middle East, Africa, Asia and Latin America
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Financial advisers have a ‘key role’ during pandemic
As protection will become a necessity for clients on lower incomes
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How much will oil price drop hit the Middle East wealth market
Competition ‘is likely to increase’ for firms as number of expats in region could decline
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Dubai watchdog fines two firms and three directors
But they will contest the prohibition orders and penalties at a tribunal
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Online marketing of insurance to need approval in UAE
But life policies with an investment component cannot be sold electronically
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Over 1,000 DIFC companies enrol in end-of-service scheme
It represents 85% of all eligible organisations in the Dubai-based financial centre
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PEOPLE MOVES: Deutsche Bank, Prudential, EFG International
German banking group names APAC chief, while life insurer appoints Thailand CEO
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Global investors optimistic about long-term economy
Over a fifth of wealthy savers and business owners believe now is a good time to buy stocks
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IIFL Wealth completes M&A deal worth Rs 230 crore
Acquired firm is based out of Mumbai but has an office in the Dubai International Financial Centre