United Kingdom | 14 Sep 15
FSCS: Advisers liable for losses linked to Arck investments
The UK’s lifeboat scheme has ruled that failed financial advisers who gave bad advice to invest in property investment scheme Arck LLP are liable for losses.
Financial planning | 14 Sep 15
Western expats stay longer in Middle East, platform use grows
Western expatriates are staying longer in the Middle East and, while the use of long-term life products still dominates the market, the length of the contract is falling and more money is flowing into mutual fund platforms, Invesco said.
Investment | 14 Sep 15
Oil price slide fails to deter MENA stocks growth path
The collapse in oil prices and volatility in the emerging markets induced by China’s slowdown has hurt stocks in the Middle East but has not knocked the region’s major equity markets off their positive trajectory, said Amundi fund manager Remy Marcel.
Lowes Financial launches structured deal with 10% payout target
Lowes Financial Management, in conjunction with Societe Generale and Mariana Capital, has launched a structured product based on the FTSE-100 index that offers investors the potential of a 10% annual return after three years.
PwC makes acquisition for high speed FATCA and CRS reports
PwC has acquired software company Ellis Financial Systems in a bid to more rapidly meet new tax information reporting required under such regimes as the Foreign Account Tax Compliance Act (FATCA).