Tax & Regulation

Middle East | 22 Dec 16

Those clients who benefit from having a financial adviser have better performing assets in their portfolios than those who go it alone, says John Astrup, savings and investment propositions manager, Zurich International Life, Middle East.

Asia | 22 Dec 16

Australia’s financial services regulator is taking legal action against one of the country’s biggest banks for giving financial advice that failed to put the “best interests” of its clients first.

Middle East | 22 Dec 16

There will be a massive impact on the financial services industry if the UAE Insurance Authority’s proposed clampdown on fees and commissions comes into effect in 2017, says Philip Cernik, chief marketing officer of Friends Provident International.

People Moves | 21 Dec 16

A former fund manager at US giant BlackRock, Mark Lyttleton, has been jailed for one year after admitting two counts of insider dealing.

North America | 21 Dec 16

Canadian taxpayers wanting to use voluntary disclosure programmes (VDP) should have to identify advisers who helped them avoid paying tax, the Canada Revenue Agency’s (CRA) Offshore Compliance Advisory Committee has recommended.