Industry
India’s Sahara fights regulator on loss of life unit to rival
Indian conglomerate Sahara said it will take the Insurance Regulatory and Development Authority of India (IRDAI) to court to fight against an order to transfer its life insurance business, Sahara Life, to rival company ICICI Prudential Life Insurance.
High net worth clients to bear brunt of Belgian tax reform
High net worth individuals might end up footing the bill for the forthcoming corporate income tax overhaul in Belgium.
Rush for Irish passports gathers pace as Brexit fears rise
The Irish Government said it issued over half a million new passports in the first half of 2017 with the number granted to British applicants set to double this year as people rush to secure their EU residency.
Investment | 4 Aug 17
Eco Fund liquidator replaced in blow to Isle of Man regulator
An Isle of Man judge has ruled that the liquidator appointed to the collapsed Eco Resources Fund should be replaced despite objections from the island’s Financial Services Authority (IoMFSA).
Aussie advisers face years of imprisonment after ASIC action
Two banned financial advisers from Australia are facing years in prison for their malpractice following a series of inquiries by the Australian Securities and Investments Commission (Asic).