Industry
OMI unveils offshore bond for Middle East and Africa
Life insurer Old Mutual International (OMI) has launched an offshore bond for advisers in the Middle East and Africa as part of a revamp of its global offshore bond range.
More UK life insurers offering cover to British expats
More than a quarter of UK life insurance companies now offer life products to British citizens living abroad, research from Unusual Risks Mortgage & Insurance Services has found.
Commonwealth Bank positions life business for sale
The Commonwealth Bank of Australia (CBA) is reportedly looking to sell its life insurance business but the move in not linked to recent regulatory changes requiring the country’s biggest banks to hold billions in extra capital.
Japan’s regulator steps up disclosure duties for life insurers
Japan’s financial watchdog, the Financial Services Agency (FSA), is asking life insurance companies to become more scrupulous investors by adhering to a new stewardship code.
Best Practice | 24 Jul 17
St James’s Place fails on disclosure says UK consumer watchdog
Financial advisers from St James’s Place are failing to comply with rules on transparency around charges and some are misleading potential customers about what they can offer, an investigation by UK consumer watchdog Which? has found.