Regions
FCA stops pension transfers from 16 advice firms
Sixteen UK firms agreed to stop any activities related to pension transfers in the 12 months to January 2017, the Financial Conduct Authority has revealed.
Tax & Regulation | 5 Apr 17
HMRC gets tougher on APN avoiders amid Karen Millen bankruptcy
The UK tax office has taken action against 14 users of tax avoidance schemes who failed to pay controversial accelerated payment notices (APNs) since their introduction in 2014 as last week high-profile British fashion designer Karen Millen was declared bankrupt over her £6m ($7.5m, €7m) unpaid bill.
Two charged in fake death scam to claim life insurance
A woman and her son have been charged with fraud by UK police for conspiring to fake the mother’s death in Zanzibar in an attempt to claim £140,000 ($174,387, € 163,557) in life insurance.
Middle East | 5 Apr 17
UAE’s Oman Insurance offers life bond with capital protection
Dubai-headquartered Oman Insurance Company (OIC) has launched a new single premium insurance plan which offers a portfolio of exchanged-traded funds (ETFs) with built-in downside protection.
Investment | 5 Apr 17
High hopes for marijuana ETF launch
A ‘Marijuana ETF’ has been launched to track the performance of firms producing or selling the drug, following a boom in its trade across Canada and the US.