Industry
Middle East | 15 Nov 16
Praemium sets up int’l pension unit headed by Mark Sanderson
Former Brooklands Pensions chief operating officer Mark Sanderson is to spearhead the development of Praemium’s retirement business in the Middle East and other key expat markets.
Life companies top IoM financial ombudsman complaints
Life companies were the most complained about financial services providers on the Isle of Man last year, according to figures released by the island’s Financial Services Ombudsman.
PEOPLE MOVES: US SEC, Zurich, LGIM
The list of jobs to be filled by president-elect Donald Trump just got longer after the SEC’s chair confirmed she will step down at the end of the Obama administration. Zurich has named the new chief executive of its UK business, with Legal & General IM making senior appointments in the US.
RL360° acquires Ardan International from Rowan Dartington
RL360° is to acquire Rowan Dartington’s global platform business Ardan International for an undisclosed fee.
Best Practice | 15 Nov 16
UK providers forced to cap early exit pension charge at 1%
The UK’s Financial Conduct Authority (FCA) and Department for Work and Pensions are to impose a 1% early exit charge cap on existing personal pensions and occupational schemes from 31 March next year.