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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.
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.
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.
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.
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.
Mauritius is set to become the offshore centre of choice among financial advisers based in Southern Africa, a new survey has revealed.
Isle of Man-based RL360° reported a spike in sales of up to 14% in the first four months of this year, building on the 21% hike in new business posted for 2015.
Singapore is expected to overtake London as the world’s second largest offshore financial centre by 2020, a new report suggests.
Axa Wealth, the UK life insurance and wealth management arm of France’s Axa Group, boosted funds under management by 9% in the first quarter this year, helped by a 30% rise in pension product sales following the government’s reforms to the sector.
Axa has agreed to sell its Isle of Man-based operation to specialist M&A firm Life Company Consolidation Group (LCCG), which plans to continue "successful relationships" with Axa's offshore bond business in Dublin.
The UK tax office plans to overhaul rules governing the part surrender and part assignment of life insurance policies to redress the unfair tax bills which some individuals face if they withdraw money from an investment bond in the wrong way.
Scott Hood, regional technical manager for the Middle East and Africa at Friends Provident International, looks at key reasons why offshore bonds continue to add value as a tax wrapper.
Old Mutual International (OMI) has launched a new whole-of-life portfolio bond with special custodian features that have been tailored specifically for Swedish investors.
STM Group, a specialist financial services group, said a focus on building up its international pensions and life assurance products business helped it post a near 60% rise in net profit for the year to 31 December 2015.
As part of its 2016 bonus declaration, Prudential has announced that the sterling tranche of its International Prudence Bond (IPB), an offshore bond sold to UK expats, has grown 6.7% in year-on-year terms since it was launched 14 years ago.
The number of British adults living overseas temporarily is increasingly sharply with growth dominated by larger numbers of women and young people working abroad, according to a new survey.
DeVere Group chief executive Nigel Green has defended his company's charging structure, called for more transparency on charges in the industry, and said that in the longer term fee-based income is more profitable.
Old Mutual International has launched a new international life assurance bond aimed at high net worth investors in the UK.
Industry consolidation, moves away from commission income and a greater focus on financial planning are all on the horizon for 2016, according to four top Dubai-based financial advisers.
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