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Standard Life sees 20% rise in offshore bond business

Standard Life sees 20% rise in offshore bond business...

Standard Life has reported a 20% increase in offshore bond assets under administration (AUA) as the insurer looks to strengthen its foothold in India.

Published : 24, Feb 2017
Hansard's alliance with UAE insurer Union goes live

Hansard's alliance with UAE insurer Union goes...

Hansard International launched its new strategic alliance with UAE-based Union Insurance Co on Thursday, which includes the provision of two new savings and investment products under the brand name ‘Infinity’.

Published : 9, Feb 2017
Why life insurance wrappers still benefit expats in the UAE

Why life insurance wrappers still benefit expats...

The benefits of life insurance wrappers still outweigh direct investment in funds for expatriate customers in the UAE despite the significant regulatory change underway, says Philip Cernik of Friends Provident International.

Hansard to add UAE products under Union Insurance deal

Hansard to add UAE products under Union Insurance...

Hansard International plans to launch two new products in Dubai as part of its recently announced alliance with the UAE-based general insurer, Union Insurance.

Published : 25, Jan 2017
HMRC, the Lobler case and 5% offshore bonds

HMRC, the Lobler case and 5% offshore bonds

Looking back on 2016, one of the biggest stories of the year was the HM Revenue & Customs proposals to overhaul part surrender and part assignment of life insurance policies in response to the 2007 case of Dutch national Joost Lobler.

Published : 29, Dec 2016
Canada Life to offer estate planning feature in onshore bond

Canada Life to offer estate planning feature in...

Canada Life has enhanced its well-known onshore bond, the Select Account, with the addition of a discounted gift trust (DGT) feature.

Published : 6, Dec 2016
Gulf IFAs face ‘year of reckoning’ as clients turn away

Gulf IFAs face ‘year of reckoning’ as clients...

Financial advisers in the Middle East are finding clients increasingly reluctant to use their services, partly due to growing geopolitical uncertainty but also because of regulatory changes and poor value-for-money products from asset managers and life companies.

Published : 29, Nov 2016
OMI launches ‘better products’ drive for international advisers

OMI launches ‘better products’ drive for international...

Old Mutual International (OMI) has launched a new initiative to provide international advisers and clients with access to structured products which must meet set criteria on transparency, simplicity and value, the Anglo-South African insurer said in a statement.

Published : 24, Nov 2016
HMRC rules out replacing 5% tax withdrawals on offshore bonds

HMRC rules out replacing 5% tax withdrawals on...

HM Revenue & Customs has confirmed that it will allow policyholders to correct ‘unfair’ tax bills resulting from ‘mistaken’ withdrawals of life policies, opting to keep the current 5% tax free allowance on offshore bonds.

Published : 23, Nov 2016
UAE insurance regulator to ban indemnity commissions

UAE insurance regulator to ban indemnity commissions...

Indemnity commissions are to be prohibited under new rules proposed by the UAE's Insurance Authority which regulates life insurance companies and family takaful businesses.

Published : 21, Nov 2016
OMI to close regular savings plans in three key regions

OMI to close regular savings plans in three key...

Old Mutual International has moved to reflect the changing trend towards more flexible products in the offshore market by closing two of its contractual savings plans in three key regions.

Published : 14, Nov 2016
HMRC decision on 5% life withdrawals ‘weeks away’

HMRC decision on 5% life withdrawals ‘weeks away’...

HM Revenue and Customs (HMRC) has confirmed that changes to the 5% tax free withdrawal from offshore bonds will not be announced until after the chancellor’s Autumn statement on 23 November.

Published : 4, Nov 2016
HMRC could rule out changes to 5% withdrawal on life bonds

HMRC could rule out changes to 5% withdrawal on...

The UK is expected to adopt an all or nothing approach on upcoming changes to the 5% tax free withdrawal from offshore bonds, Canada Life International’s technical manager Neil Jones has revealed.

Published : 1, Nov 2016
Unit-linked products under pressure in Asia

Unit-linked products under pressure in Asia

Singapore outpaced Hong Kong for sales of unit-linked investment and savings products in the first half of 2016. As the industry awaits third quarter data, Bryan Low of Provisca reflects on the trends seen in the figures so far.

Published : 28, Oct 2016
Simon Willoughby on turning Axa Isle of Man into Utmost WS

Simon Willoughby on turning Axa Isle of Man into...

After the acquisition of Axa Isle of Man paved the way for a headline-grabbing rebrand as Utmost Wealth Solutions, head of proposition Simon Willoughby talks exclusively to International Adviser about how the 25-year-old international life company was forced to go back to the drawing board and focus on what it does best.

Published : 24, Oct 2016
Industry changing rules on UAE funds get official green light

Industry changing rules on UAE funds get official...

New mutual fund charges and regulations that could have a dramatic effect on the number of funds offered on international platforms and within life insurance wrappers have become law in the United Arab Emirates.

Leading life execs predict growth markets of the future

Leading life execs predict growth markets of the...

Nearly 70% of international life company executives have named Latin America, Asia and the Middle East as the regions with the best opportunities for growth, according to a new poll conducted by International Adviser.

Published : 14, Sep 2016
Major Sth African insurer targets international life markets

Major Sth African insurer targets international...

Provisca, the international distribution business launched in August by Nigel Watson and Bryan Low, has signed its first partnership agreement, opening up the products of South Africa’s third largest listed insurer to international markets.

Published : 5, Sep 2016
Standard Life posts rise in offshore bonds, expands in India

Standard Life posts rise in offshore bonds, expands...

Standard Life has reported a small rise in assets held in offshore bonds on its wrap platform as part of its strong set of half year results for 2016, which also included details of the company's expansion into India’s private pension market.

Published : 9, Aug 2016
Isle of Man cuts probate charges on life assurance policies

Isle of Man cuts probate charges on life assurance...

The Isle of Man has slashed its probate charges for non-resident applications where the only asset is a life assurance policy issued by one of the island’s insurance companies.

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UK Budget could see further cuts to lifetime allowance
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