IDD to be pushed back 7 months
The European Commission is to push back the Insurance Distribution Directive (IDD) by seven months to 1 October 2018.
Regions
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Gibraltar launches blockchain regulatory first
Gibraltar has launched the world’s first regulatory framework for blockchain technology.
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Celebs lose film scheme tax plea
Celebrities including Premiership footballers embroiled in the failed Ingenious Film scheme have lost their tax relief appeal with HM Revenue and Customs.
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Mifid II to boost Europe’s passive funds over active funds
Europe’s passive funds will be given a boost in 2018 at the expense of active funds thanks to Mifid II’s drive for transparency on costs, according to research firm Cerulli Associates.
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Convoy chairman thwarts boardroom coup
The second largest shareholder in embattled Hong Kong financial advisory firm Convoy has lashed out at the company’s chairman, calling him “rude”, for taking away his voting rights in a meeting where he had attempted to remove several members of the management team.
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‘First of its kind’ trust set up for politician
Trust lawyers acting for a colourful Italian mayor have set up an innovative blind trust for his businesses, which include Italy’s leading basketball team.
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Top 10 South Africa stories of 2017
The establishment of new financial regulators and an overhaul of tax exemptions for expats were some of the top read stories by our South African audience in 2017. To see the others click through the slides.
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Top 10 Asia stories of 2017
A new multi-wrapper platform, China’s asset management industry topping $7.5trn and a Hong Kong IFA firm having its office raided were some of the top stories for our audience in Asia in 2017. Click through the slides to see the others.
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Top 10 Middle East stories of 2017
A new family tax in Saudi Arabia, Abu Dhabi’s biggest ever scam and the UAE pushing ahead with a major life industry overhaul were some of the most read stories by our Middle East audience in 2017. To see the others, click through the slides.
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Leading industry authority warns Priips rules misleading
The European Fund and Asset Management Association (Efama) is urging regulators to work with the industry to rectify “serious issues” in new rules, due to come in to force in January 2018, that are designed to enhance investors’ understanding of retail investment products.
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Four managers on emerging markets in 2018
Emerging market equities have been a popular topic of discussion when looking ahead to 2018, but is this where investors are headed? Four fund managers outline reasons to remain positive in the emerging and frontier regions next year.
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Top 10 Europe stories of 2017
The arrest of a Gibraltar based financial chief executive, the EU tax haven blacklist and expats angry at Brexit were among the top stories driving the agenda in 2017. To see the others, click through the slides.