Regions
ILAS sales plummet in Q1 after indemnity commission ban
The number of investment-linked assurance schemes sold in Hong Kong almost halved following January’s ban on upfront payment to financial advisers.
United Kingdom | 2 Jun 15
Trio of acquisitions fast-tracks Henderson’s Pan Asian growth
Henderson Group has bought three Australian asset managers in two separate transactions in an effort to fast-track the development of the firm’s Pan Asian business.
Middle East | 2 Jun 15
Mondial Group rejects commission for new consultancy
Dubai-based financial advisory business Mondial Group has formally launched a new insurance consultancy which has salaried rather than commission remunerated staff.
United Kingdom | 1 Jun 15
Fraudster gang faces jail terms over £4.3m UCIS losses
Eight fraudsters face a combined total of 26 years’ imprisonment after the UK’s Financial Conduct Authority found they lost over £4.3m of investors’ money in their unauthorised collective investment scheme (UCIS).
Brooks Macdonald Int’l enters South African advice market
Brooks Macdonald International (BMI) has been granted a license to provide advisory and intermediary services in South Africa.