Offshore Bonds
Middle East | 21 Nov 16
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.
Best Practice | 16 Nov 16
UAE insurance regulator to clamp down on fees and commissions
The main life insurance regulator in the UAE has unveiled plans to tackle high fees and hidden commissions across the industry after receiving what it described as “an alarming amount of complaints from policyholders”.
OMI to close regular savings plans in three key regions
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.
Offshore Bonds | 4 Nov 16
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.
Offshore Bonds | 1 Nov 16
HMRC could rule out changes to 5% withdrawal on life bonds
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.