Middle East
Best Practice | 16 Nov 16
UAE insurance regulator to clamp down on fees and commissions
The main life insurance regulator in the UAE has unveiled plans to tackle high fees and hidden commissions across the industry after receiving what it described as “an alarming amount of complaints from policyholders”.
Aberdeen picks Abu Dhabi for first Middle East office
Aberdeen has become the first international asset manager to open an office in Abu Dhabi Global Market (ADGM), the new international financial centre in the capital of the UAE, after being granted a license by the Financial Services Regulatory Authority (FRSA).
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.
OMI to close regular savings plans in three key regions
Old Mutual International has moved to reflect the changing trend towards more flexible products in the offshore market by closing two of its contractual savings plans in three key regions.
Investment | 14 Nov 16
Brooks Macdonald inks first international deal with Dubai IFA
Brooks Macdonald, the specialist discretionary fund management provider, has announced its first international strategic alliance, signing a deal with Dubai-based advisers Abacus Financial Consultants.