Industry
Zurich International unveils target date fund range
Pension provider Zurich International has introduced a range of dollar-denominated target date funds (TDFs) aimed at gradually reducing the risk investors are exposed to as they approach retirement.
North America | 1 Aug 17
US regulator brings charges over cancer investment fraud
The Securities and Exchange Commission has filed charges against a businessman accused of using investor funds intended to develop products to detect cancer and other diseases to pay personal expenses and fund his fiancée’s restaurant.
Emerging Markets | 1 Aug 17
BMO GAM targets emerging market growth with new equity fund
BMO Global Asset Management (BMO GAM) has announced the launch of an emerging markets equity fund focused on investing in small companies.
Aussie and IoM schemes boost UK Rops list as transfers drop
HM Revenue & Customs’ list of recognised overseas pension schemes (Rops) has grown by 10% on the back of more schemes from Australia and the Isle of Man being added. This rise, however, follows official figures showing that the number of Qrops transfers hit its lowest level for six years last year.
Best Practice | 1 Aug 17
UAE regulator ups pressure on advisers over fees and capital
The UAE Insurance Authority has announced plans to tighten capital requirements for licenced brokers and ensure full disclosure of all commissions ahead of its move to restrict upfront fees.