Regions
LCCG to launch UK life insurance company
Life Company Consolidation Group (LCCG) is to set up a new UK life insurance company to house the business it will acquire following the demutualisation of Reliance Mutual Insurance Society.
BlueBay AM opens office in Germany
Global fixed income manager BlueBay Asset Management has opened an office in Munich to provide clients in Germany with “on the ground” support.
North America | 6 Feb 17
US adviser stole $5m for private jet service and Vegas house
A former Morgan Stanley investment adviser has been charged with stealing around $5m (£4m, €4.6m) from clients to rent a home in Las Vegas, pay for country club membership, and a private jet service.
DeVere Acuma admits not disclosing commission in S Africa
South African advisory firm deVere Acuma has confirmed that it did not disclose commission charges of nearly £65,000 ($81,114, €75,198) taken from a client’s portfolio over four years, reports local news feed Moneyweb.
Best Practice | 6 Feb 17
Malta ups number of adviser qualifications in new deal
Malta is upping the number of adviser qualifications it offers as part of a new deal that strengthens ties between the Chartered Institute for Securities & Investment (Cisi) and the island’s Institute of Financial Services.