Tax & Regulation
Strategic Wealth UK ordered by FCA to cease pensions business
Strategic Wealth UK Ltd, a Wales-based IFA which partners with offshore advisers in Gibraltar to provide Qrops and Qnups services, has been ordered by the Financial Conduct Authority to immediately cease all pension related business.
Best Practice | 6 Jun 17
Zurich to support UAE advisers adapt to regulatory changes
Zurich has launched a programme to help financial advisers and intermediaries in the UAE prepare for and implement the upcoming regulatory changes to the country’s life insurance industry.
Middle East | 6 Jun 17
IoM and UAE regulators ‘in talks’ over life sector overhaul
The Isle of Man Financial Services Authority (IoMFSA) has met with the UAE Insurance Authority to compare notes on pivotal life sector reforms due to be introduced in their respective jurisdictions.
Aussie watchdog warns advisers ahead of commission cap
Advisers in Australia have been warned by the country’s financial regulator not to inappropriately switch clients into charge-heavy products ahead of major changes to commission payments and clawbacks on insurance policy sales.
North America | 5 Jun 17
US Supreme Court rules adviser won’t have to repay $35m
The Securities and Exchange Commission has lost a US Supreme Court case to force an investment adviser to repay nearly $35m (£27m, €31m) his companies stole, as his actions fell outside the statute of limitations.