Canada Life ends fair value adjustment on UK property funds

Canada Life ends fair value adjustment on UK property...

Canada Life has removed the fair value adjustment on property values in its commercial property funds imposed at the start of the month when it lifted a suspension of redemptions.

Published : 30, Sep 2016
HMRC data sharing deal with Crown dependencies goes live

HMRC data sharing deal with Crown dependencies...

A new data sharing agreement has officially come into force with the HM Revenue and Customs (HMRC) expected to be handed the details of hundreds of thousands of offshore accounts on Friday as part of a move for wider transparency from the Isle of Man, Jersey, Guernsey and the Cayman Islands.

Published : 30, Sep 2016
UAE investor expectations rise despite market volatility

UAE investor expectations rise despite market...

Investors based in the UAE are expecting average investment returns of 7.3% in 2016, up sharply from the 3.5% received in 2015, according to a new survey by Old Mutual International and Quilter Cheviot.

Published : 30, Sep 2016
FPI Singapore director Simpson quits, HK head moves to Aviva

FPI Singapore director Simpson quits, HK head...

Sweeping changes at FPI’s Asia operations sees the departure of long-standing Singapore sales director Toby Simpson, and interim appointments put in place after Hong Kong regional head Charles Barrows takes on a role to build Aviva’s Indonesia life business.

Published : 30, Sep 2016
Investors pile into commodities

Investors pile into commodities

European investors have been seeking exposure to commodities at an unprecedented scale in the first eight months of the year. Active commodity funds, however, are losing out.

Published : 30, Sep 2016
UK economy continues to surprise

UK economy continues to surprise

The United Kingdom economy has produced another set of strong post referendum numbers as it continues to appear in a robust state despite the upcoming Brexit talks.

Published : 30, Sep 2016
UK adults in their 30s half as wealthy as those in their 40s

UK adults in their 30s half as wealthy as those...

UK adults born in the 1980s have half the wealth as those born in the 1970s had at around the same age, according to a new study.

Published : 30, Sep 2016
Generali to exit Guatemala and Liechtenstein

Generali to exit Guatemala and Liechtenstein

Italy’s largest insurer Generali is set to pull out of Guatemala and Liechtenstein after signing agreements to sell its operations in two separate deals.

Published : 30, Sep 2016
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
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
Clients unaware of risk of passive investing, say UK advisers

Clients unaware of risk of passive investing,...

Around 60% of financial advisers in the UK have concerns that clients are unaware of the risks of passive investing which tracks a market-weighted index or portfolio, according to a new survey by Natixis Global Asset Management.

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
Political risk is European equities’ biggest threat – CBRE

Political risk is European equities’ biggest threat...

The number one macroeconomic threat to European financial markets is political risk, according to Sabina Kalyan, global chief economist and head of EMEA strategy and research at CBRE.

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
Dubai regulator fines insurer for sales outside permitted zone
Dubai regulator fines...

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

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

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

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

The Australian corporate regulator has abandoned a...

Why wealth managers need to change their business models
Why wealth managers need...

Faced with an increasing pressure on margins and the...

HMRC wins latest battle against adviser's £916m tax-dodging scams
HMRC wins latest battle...

The UK tax office has won its tenth legal case against...

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