Industry
Tax & Regulation | 28 Sep 16
UK watchdog calls to scrap £50k limit on ‘bad’ advice
The head of the UK’s Financial Services Compensation Scheme (FSCS) has called for the £50,000 ($64,907,€57,770) limit on payouts for clients who receive bad financial advice to be scrapped.
Best Practice | 28 Sep 16
Product Spotlight: review of Hansard Vantage Platinum II
In the second of a series of three independent reviews of international life products, Brian O’Neill, consultant at Isle of Man-based actuary and consultancy firm Boal & Co, puts the spotlight on Hansard’s regular premium product called Vantage Platinum II.
Middle East | 28 Sep 16
Novia Global expands into Middle East, teams up with PWS
Novia Global, the international platform arm of UK-based Novia Financial, has started doing business in the Middle East.
Deutsche Bank sells Abbey Life to Phoenix Group
Deutsche Bank has confirmed that it is to sell its Abbey Life business to closed book life and pension provider Phoenix Life Holdings, for £935m (€1.08bn, $1.21bn).
Tax & Regulation | 27 Sep 16
Adviser gets extra prison time for failing to repay investors
A financial adviser who funded a lavish lifestyle from investments in an unauthorised collective investment scheme has had an extra 603 days added to his prison sentence for failing to comply with a court order to repay investors.