United Kingdom | 4 Aug 14
Unrealistic Government questioned
Industry experts have labelled the Government “unrealistic” and “utopian” following recent FCA proposals to charge financial advisers a 30% levy in order to fund the guidance guarantee service announced in this year’s Budget.
Middle East | 4 Aug 14
Hansard UAE country manager Fairhall exits
Hansard Internationals United Arab Emirates country manager Stephen Fairhall has left the company.
uo state ohio to sign captive insurance cos
The US state of Ohio has signed legislation allowing for the creation of captive insurance companies, putting it potentially in competition with offshore jurisdictions such as the Isle of Man, Guernsey and Dubai.
Praemium to sell Smartfund range in Europe
Praemium UK has broadened the distribution channels of its Smartfund Advantage fund range to include distribution into Asia, Europe and the Middle East.
United Kingdom | 4 Aug 14
HSBC profits drop 12 amid regulatory
HSBC saw a 12% drop in profits throughout the first half of 2014, a loss it attributes to the investment of resources into “heightened and evolving” regulatory expectations.