Industry
Guernsey regulator issues warning on new Sark company registry
Guernsey’s financial regulator has issued a warning about an organisation on the nearby tiny Channel Island of Sark, where it has a website promoting a company registry there for the first time.
Pacific AM buys stake in emerging markets equities manager
Pacific Asset Management (PAM) has acquired a stake in London-based boutique investment manager North of South Capital, signalling a return to emerging markets for Pacific Investments Group co-founder John Beckwith following the sale of Thames River Capital, later Nevsky Capital, in 2010.
Tax & Regulation | 18 May 17
UK finds 40% of advice provides ‘unacceptable’ disclosure
The Financial Conduct Authority (FCA) has found “unacceptable” levels of disclosure in over 40% of the financial advisory sector as it releases the results of its Assessing Suitability Review.
Asia and Middle East spur 11% growth for RL360°
Isle of Man-based RL360° reported a spike in new business growth of 11% in 2016, driven strong sales of regular premium plans in Asia, Latin America and the Middle East.
UAE unveils crackdown on banks selling insurance policies
The UAE Central Bank is cracking down on insurance products sold via banks after receiving a growing number of mis-selling complaints.