Top 10 stories of 2017
By Kirsten Hastings, 20 Dec 17
Expat taxes, Qrops shocks and DB pension transfers were major stories covered by International Adviser in the past year. Scroll through the slides below to see the 10 most clicked articles of 2017.
The UAE Central Bank announced in May that it was cracking down on insurance products sold via banks after receiving a growing number of mis-selling complaints.
In a circular published on 11 May, the Central Bank has imposed an immediate ban on new approvals of requests from banks and finance companies to sell “savings and investment” and “non-capital guaranteed or protected” takaful insurance products until further notice.
This is while the authorities create new guidelines for bancassurance distribution of such products, that according to the circular, will require banks to profile customers for suitability, improve transparency of such products as well as introducing a “grievance redressal mechanism”.
The Central Bank will also fine banks that violate the new framework.
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