Industry
Standard Chartered, Allianz ink insurance distribution deal
Standard Chartered Bank has announced a 15-year deal with Allianz to sell its general insurance products, including travel, personal accident, fire and motor insurance products, across the bank’s retail banking network in five key markets across Asia.
Hansard joins forces with IA regulated insurer in UAE
Hansard International has signed a strategic deal with a ‘major local insurer’ in the UAE which is regulated by the Insurance Authority.
Tax & Regulation | 18 Jan 17
FCA punishes IFA firm for pension transfer failures
Bank House Investment Management, the personal wealth division of the UK-based Bank House group, has been barred from carrying out business such as advising on investments after an investigation by the regulator into its pension transfer business.
EI Sturdza launches actively managed strategic beta flex fund
EI Sturdza Investment Funds has launched a Dublin-domiciled Strategic Beta Flex Fund that invests in a globally diversified portfolio of equity funds and reduces volatility by partially or fully hedging the underlying market exposure.
North America | 18 Jan 17
BlackRock fined $340k for removing whistleblower incentives
BlackRock has agreed to pay $340,000 (£278,844, €318,931) to settle charges that it forced soon-to-be ex-employees in the US to waive their ability to claim financial rewards for whistleblowing.