Industry
Best Practice | 1 Sep 16
EU eyes Solvency II cut that would push up life insurance costs
European Union policymakers are considering whether to slash the benchmark used by insurers to calculate the value of billions of euros of liabilities – a move that would push up the cost of life insurance.
Barclays and Deutsche continue non-core business sell-off
Barclays has completed the sale of its Italian retail banking network, while Deutsche Bank is to sell its subsidiary in Argentina, as the banks continue to rationalise their footprints and business strategies.
PortfolioMetrix added to Aegon platform
Aegon has added a range of portfolios from discretionary fund management (DFM) firm PortfolioMetrix to its platform following demand from advisers.
South Africa to roll out delayed RDR by January, confirms FSB
South African regulator, the Financial Services Board (FSB), has confirmed that the first phase of the upcoming Retail Distribution Review (RDR) will be introduced on 1 January 2017 – six months after the original deadline.
Hong Kong regulator fines BNP Paribas HK$4m for overcharging
The Securities and Futures Commission (SFC) has fined BNP Paribas Wealth Management HK$4m (£393,000, $515,664, €461,793) for overcharging its clients.