UAE retail space ‘lagging behind rest of the world’
With regard to range and quality of funds on offer
With regard to range and quality of funds on offer
Life and medical insurance often misunderstood as providing similar protection
Head of wealth advice at one firm expects ‘client defections to accelerate’ across the region
Capstone Insurance Brokers and Nexus Group both scooped winning scores from International Adviser’s judges
It is expected to attract millions of visitors, but will that translate into a boost for advice firms?
Financial adviser teams up with Zurich to tap e-commerce demand
Dubai-headquartered Nexus Group has confirmed to International Adviser that it is to close its Singapore arm, Nexus Financial Services, and focus on its core Middle East operations.
St James’s Place Wealth Management Asia has recruited Nexus Financial Services’ chief executive Gary Harvey to head up its Singapore business.
A major international life company acquisition, a Singapore advice firm pushing into the expat space and a new insurance regulator in Hong Kong mean more change for Asia.
Asia’s economy is dynamic and fast-growing, encouraging wealth creation, so when Nexus Group was presented with an opportunity to move into Singapore, it leapt at it.
Zurich Life Insurance (Singapore) has agreed to hand over all of its approximately 160 appointed financial advisers in the city state to Nexus Financial Services, part of the Middle East-based Nexus Group, in response to changes in the regulatory landscape.
With the Emirates Insurance Authority rolling out a host of regulations last month, it seems inevitable that the market will consolidate dramatically as the smaller players struggle to meet strict new requirements. Our Dubai panel discussed the ramifications of this shift in emphasis and other key issues now affecting the region.