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Middle East | Features 19 Mar 18

Vexed UAE firms act over Insurance Authority rule delays

As the Abu Dhabi headquartered Insurance Authority drags its heals on finalising sector reform, many businesses are anticipating what the incoming regulations will mean for them and pressing ahead with new strategies.

Industry | News 16 Mar 18

The Lang Cat: 90% of platform assets at risk

Approximately 90% of the £519bn ($724bn, €587bn) assets held on adviser platforms are at risk of disruption from a major business change, according to The Lang Cat.

Best Practice | News 16 Mar 18

US to shut $11bn offshore voluntary disclosure programme

The disclosure scheme that allows US taxpayers hiding offshore accounts to come clean and face more lenient penalties will close in September 2018, the Internal Revenue Service (IRS) announced this week.

Companies | News 16 Mar 18

SimplyBiz to float next month

IFA adviser SimplyBiz is floating on the London Stock Exchange’s Alternative Investment Market (Aim) next month.

News 16 Mar 18

PEOPLE MOVES: S Africa taxman, Fidelity Int’l, Charles Stanley

Allegations of money laundering and corruption have brought down the chief of the South Africa Revenue Services’ business and individual tax division. Senior changes at Fidelity International put a new face in charge of its continental European business, while Charles Stanley is targeting improved intermediary relationships with two hires.

News 16 Mar 18

OMI keeps distribution deal as Old Mutual exits LatAm

South Africa-headquartered Old Mutual is selling all of its businesses in Latin America to a Singapore-based firm but has confirmed that Old Mutual International will continue its long-standing relationship with regional distributor Aiva.

Asia | 16 Mar 18

Hong Kong regulator targets big guns

In separate moves, Hong Kong’s Securities and Futures Commission (SFC) this month has gone after UBS, Deutsche Bank and brokerage firm CLSA for regulatory breaches.

Companies | 15 Mar 18

IFAs among 24 firms UK compensation scheme declares in default

Three advisory firms, along with 21 other financial businesses, were declared in default by the Financial Services Compensation Scheme (FSCS) in February.

Best Practice | 15 Mar 18

DB transfers will ‘come to a head’ when stock market falls

When markets fall, consumers who have transferred out of a defined benefit (DB) scheme and started accessing their pots could potentially face a crisis in their retirement, a director from advice firm Tuto Associates has argued.

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