News
FCA slammed for failings linked to passporting Cyprus adviser
The Financial Conduct Authority has promised to clarify the limitations of consumer protection where a firm is in another jurisdiction after the Complaints Commissioner criticised its handling of an EU-passported financial adviser from Cyprus and recommended it apologise to the investors at the heart of the complaint.
People Moves: J Safra Sarasin, Aviva and Julius Baer
J Safra Sarasin has bolstered its ultra-high net worth team in Singapore, while an equities heavyweight has resurfaced at Aviva Investors and Julius Baer has nominated an ex-Goldman Sachs alum to its board of directors.
Latest news | news 12 Dec 17
Implications of blacklisting for UAE
UAE officials should not be overly concerned about the jurisdiction’s inclusion in the European Union’s tax haven blacklist, despite pledging to get it removed, an international tax expert has said.
ANZ sells life insurer to Zurich
Zurich Insurance Group has entered into an agreement to acquire 100% of ANZ Bank’s Australian life insurance business.
Old Mutual Intl takes balanced approach with UK bond
Old Mutual International (OMI) has launched a trust-based bond that looks to balance access to capital with inheritance tax planning and give control over the future distribution of assets.