INDUSTRY

Adam Rix to leave Amundi's Middle East operation

Adam Rix to leave Amundi's Middle East operation...

Adam Rix, director - third party distribution for the Middle East at European asset management giant Amundi is to leave the company.

Published : 29, Sep 2016
Tech disruption offers opportunity, says M&G digital head

Tech disruption offers opportunity, says M&G digital...

Technology is disrupting the asset management industry but offers many opportunities in the process, according to Dominic Traynor, head of digital at M&G Investments.

Published : 29, Sep 2016
UK advisers must record calls under new FCA Mifid II rules

UK advisers must record calls under new FCA Mifid...

Financial advisers in the UK may be required to record phone calls to clients under the Financial Conduct Authority’s (FCA) proposals regarding Mifid II, which also looks at extending the RDR commission ban for portfolio managers.

Published : 29, Sep 2016
Former UK BlackRock fund manager charged with insider dealing

Former UK BlackRock fund manager charged with...

Mark Lyttleton, a former star manager of BlackRock UK Absolute Alpha, has been charged with three counts of insider dealing by the Financial Conduct Authority (FCA).

Published : 29, Sep 2016
PEOPLE MOVES: Old Mutual, Manulife, HSBC, Veritas AM

PEOPLE MOVES: Old Mutual, Manulife, HSBC, Veritas...

Old Mutual appoints a chairman to its board while Manulife makes a hire to its newly-created position of chief executive for client services for EMEA. HSBC has announced a raft of hires in Geneva, Zurich and Dubai while asset manager Veritas poaches its new head from UBS.

Published : 29, Sep 2016
Pension tax relief and Isas are ‘never tax avoidance’

Pension tax relief and Isas are ‘never tax avoidance’...

Paying into an Isa or getting pension tax relief can never be tax avoidance, according to Richard Murphy, an economist and long-standing active member of the Tax Justice Network.

Published : 29, Sep 2016
Chinese insurers make beeline for UK and Europe

Chinese insurers make beeline for UK and Europe...

Large Chinese mainland insurance companies are on a mission to diversify their asset base and have the UK and Europe in their sights as they look to deploy their money around the world.

Published : 29, Sep 2016
UK watchdog calls to scrap £50k limit on ‘bad’ advice

UK watchdog calls to scrap £50k limit on ‘bad’...

The head of the UK’s Financial Services Compensation Scheme (FSCS) has called for the £50,000 ($64,907,€57,770) limit on payouts for clients who receive bad financial advice to be scrapped.

Published : 28, Sep 2016
Product Spotlight: review of Hansard Vantage Platinum II

Product Spotlight: review of Hansard Vantage Platinum...

In the second of a series of three independent reviews of international life products, Brian O’Neill, consultant at Isle of Man-based actuary and consultancy firm Boal & Co, puts the spotlight on Hansard's regular premium product called Vantage Platinum II.

Published : 28, Sep 2016
Novia Global expands into Middle East, teams up with PWS

Novia Global expands into Middle East, teams up...

Novia Global, the international platform arm of UK-based Novia Financial, has started doing business in the Middle East.

Published : 28, Sep 2016
Deutsche Bank sells Abbey Life to Phoenix Group

Deutsche Bank sells Abbey Life to Phoenix Group...

Deutsche Bank has confirmed that it is to sell its Abbey Life business to closed book life and pension provider Phoenix Life Holdings, for £935m (€1.08bn, $1.21bn).

Published : 28, Sep 2016
Adviser gets extra prison time for failing to repay investors

Adviser gets extra prison time for failing to...

A financial adviser who funded a lavish lifestyle from investments in an unauthorised collective investment scheme has had an extra 603 days added to his prison sentence for failing to comply with a court order to repay investors.

Published : 27, Sep 2016
Five views on how int'l life offices can grow market share

Five views on how int'l life offices can grow...

How will international life companies retain and build on their market share of the financial services industry in the years ahead?

Published : 27, Sep 2016
L&G reports record growth in UK and US pensions business

L&G reports record growth in UK and US pensions...

UK insurer Legal & General (L&G) said its retirement unit is on track to double its new business sales in 2016, reporting sales of £5.4bn (€6.2bn, $6.9bn) on Tuesday.

Published : 27, Sep 2016
Allianz invests $7m in Italian robo-adviser MoneyFarm

Allianz invests $7m in Italian robo-adviser MoneyFarm...

German insurance giant Allianz has bought an undisclosed minority share in Italian digital wealth manager MoneyFarm in a bid to keep pace with the fast-moving fintech sector.

Published : 27, Sep 2016
Albion Ventures to acquire OLIM IM from Close Brothers

Albion Ventures to acquire OLIM IM from Close...

UK-based venture capital investor Albion Ventures has agreed to acquire OLIM Investment Managers from Close Brothers Group.

Published : 27, Sep 2016
Blacktower founder Westwood named chairman of trade body Feifa

Blacktower founder Westwood named chairman of...

John Westwood, managing director and founder of European IFA firm The Blacktower Group, has taken over as chairman at the Federation of European Independent Financial Advisers (Feifa).

Published : 27, Sep 2016
PEOPLE MOVES: L&G, MUFG, SuMi Trust, SYZ AM

PEOPLE MOVES: L&G, MUFG, SuMi Trust, SYZ AM

L&G has appointed ex-chief executive of Scottish Widows to its board of directors, while MUFG names its new business development director for EMEA. SuMi Trust has hired Yukihiro Murota as the head of its international unit as SYZ Asset Management finds a new head of sales for Italy.

Published : 27, Sep 2016
Trump calls tax avoidance ‘smart’ in live debate with Clinton

Trump calls tax avoidance ‘smart’ in live debate...

Donald Trump called tax avoidance "smart" during the first live US Presidential TV debate with rival Hillary Clinton in New York.

Published : 27, Sep 2016
Dubai regulator fines insurer for sales outside permitted zone

Dubai regulator fines insurer for sales outside...

The Dubai Financial Services Authority (DFSA) has cracked down on an international insurance company based in the DIFC for selling products to customers outside the centre.

Published : 27, Sep 2016
Dubai regulator fines insurer for sales outside permitted zone
Dubai regulator fines...

The Dubai Financial Services Authority (DFSA) has cracked...

Australian stockbroker took financial ‘advice’ from psychic
Australian stockbroker...

The head of a failed Australian stockbroking firm,...

Australia's Westpac to remove sales incentives for staff
Australia's Westpac to...

One of Australia's big four banks, Westpac Banking...

Australian regulator ends legal case against two LM directors
Australian regulator...

The Australian corporate regulator has abandoned a...

Novia Global expands into Middle East, teams up with PWS
Novia Global expands...

Novia Global, the international platform arm of UK-based...

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