Government spending in the Middle East on non-oil projects and a steady rise in the penetration of insurance products will support growth in the insurance industry across the six Gulf Cooperation Council nations, according to an industry survey.
The European Securities and Markets Authority is to begin assessing whether Australia, Canada, the Cayman Islands, the Isle of Man, Bermuda and Japan should get access to the marketing ‘passport’ under the Alternative Investment Fund Managers Directive.
UK consumers have unrealistic expectations about the price they can expect to pay for financial advice, according to new research.
China has overtaken the US as the nation with the largest number of middle class adults in the world, according to a Credit Suisse report.
The Gibraltar Financial Services Commission has signed agreements with the two major regulatory authorities in Hong Kong to improve cooperation in supervising the activities of alternative investment funds (AIFs).
Beechwood Bermuda International has announced a new Middle East operation to market and distribute its investment products in the United Arab Emirates and across the region.
The Financial Conduct Authority’s proposal to introduce a long-stop for claims against financial advice has been met with optimism by advisers.
Aviva Investors has forecast British property to return in the order of 8.8% per annum over the next five years.
The pace of inflows into index-trackers shows no sign of abating. With still three months to go this year, ETFs listed in Europe have already surpassed the previous inflows record set in 2014.
Sir Vince Cable, formerly secretary of state for Business, Innovation and Skills, is of the view that the election of Jeremy Corbyn to the head of the Labour Party makes it virtually unelectable, and will ultimately push the country to the right as the Conservatives strengthen their grip on power.
UBS Hedge Fund Solutions, a unit of Swiss bank UBS, has become the first investment manager to re-domicile a Cayman Island fund in Ireland under the Irish Collective Asset-management Vehicle (ICAV) legislation.
The Treasury and the Financial Conduct Authority (FCA) have jointly initiated a consultation to “radically improve” the access and affordability of financial advice in the UK, the first step in a major review of the industry.
