Hansard joins forces with IA regulated insurer in UAE
Hansard International has signed a strategic deal with a ‘major local insurer’ in the UAE which is regulated by the Insurance Authority.
Middle East
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US shares details of 35,000 accounts with Israel under Fatca
America’s Internal Revenue Service (IRS) has shared details of more than 35,000 US accounts held by Israeli citizens with the Israel Tax Authority (ITA), according to local media.
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Reading the regulatory writing on the UAE wall
Regulatory changes in the United Arab Emirates pose a challenge to existing business models for IFAs in the region but Sean Kelleher at Mondial is one step ahead, and after years of hard work in preparing his business for the new requirements, he is ready to reap the rewards.
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UAE commission ban may face ‘two-year delay’
The UAE Insurance Authority (IA) is to issue a new draft and open a fresh consultation on plans to tackle high fees and hidden commissions in the life industry after requests for a ‘two-year delay’, sources have told International Adviser.
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OMI’s Dolan succeeds Bradshaw as global sales director
Brendan Dolan, a veteran of the Middle East and Africa life industry, is to take over the position vacated by Marcel Bradshaw as head of sales worldwide for Old Mutual International, part of Old Mutual Wealth.
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DFSA rules out ban on commission, Insurance Authority update
The Dubai Financial Services Authority (DFSA) has no proposals to ban commission, according to chief executive Ian Johnston.
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Life offices fight for survival post commission disclosure
Proposals that could significantly change how insurance companies operate in the UAE stand to benefit Isle of Man-based life companies over the longer term, according to key industry figures on the island.
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Investors Trust Assurance moves to a bigger office in DIFC
Investors Trust Assurance, an offshore insurance and investment company, has moved to a bigger office within the Dubai International Financial Centre (DIFC).
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How advised assets outperform DIY financial planning
Those clients who benefit from having a financial adviser have better performing assets in their portfolios than those who go it alone, says John Astrup, savings and investment propositions manager, Zurich International Life, Middle East.
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Israel proves countries must innovate to accumulate
Rather than worry at a time of political change, I recently took a few days away from the screens to visit Israel for the first time, meeting innovative companies and soaking up the atmosphere.
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Are game-changing UAE regulations sinking in yet with advisers?
There will be a massive impact on the financial services industry if the UAE Insurance Authority’s proposed clampdown on fees and commissions comes into effect in 2017, says Philip Cernik, chief marketing officer of Friends Provident International.
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Top challenges facing global IFAs in 2017
Advisers around the world give their views on how regulation, M&A activity and technology will affect their business in 2017.