Industry
Zurich underlines commitment to Middle East after Cigna deal
Zurich’s Middle East business has said it will continue to sell life policies in the region following the sale of its general insurance unit to healthcare provider Cigna.
Best Practice | 12 Jul 17
Isle of Man regulator steps up anti-money laundering crackdown
The Isle of Man financial regulator is taking action against anti-money laundering and terrorist financing with new guidance rules aimed at “avoiding a tick-box approach” to assessing the risk of customer involvement in such activities.
Retirement | 12 Jul 17
Gay man wins for equal pension rights in landmark UK court case
The UK Supreme Court has ruled that same-sex couples have the same rights to pension death benefits as heterosexual couples in a landmark case involving a final salary scheme.
Retirement | 12 Jul 17
Qrops ‘wide-open to mis-selling’ under FCA transfer reforms
The UK financial services regulator has “failed to deliver a working model” for overseas pension transfers, says industry expert Bethell Codrington, amid concerns the Financial Conduct Authority’s (FCA) planned overhaul leaves products such as Qrops “open to mis-selling”.
Jailed 1MDB banker sentenced to four more years for cheating
A Singapore court has found former BSI Singapore banker Yeo Jiawei guilty of further charges of money laundering and cheating in relation to billions of dollars allegedly misappropriated from the 1Malaysia Development Berhad (1MDB) state fund.