United Kingdom
Utmost adds two offshore bonds with Axa Life acquisition
Utmost Wealth Solutions has added two Dublin-based offshore bonds to its range following the completion of its acquisition of the investment bond business of Axa Life Europe.
IFAs Bellpenny and Ascot Lloyd in mega merger
Bellpenny and Ascot Lloyd have completed a merger that will create a financial planning company with £6bn ($7.8bn, €6.8bn) of funds under management.
IoM regulator scraps January 2018 commission disclosure
UPDATED: Insurers headquartered on the Isle of Man will no longer have to provide customers with generic information about commissions and fees from 1 January 2018 after the island’s regulator scrapped its plans, in a move welcomed by the industry.
Tax & Regulation | 30 Jun 17
FCA to step up scrutiny of financial advice
The UK’s financial services regulator has released new guidelines to measure the success of last year’s Financial Advice Market Review (FAMR), which looked at how to make advice more affordable and accessible.
UK the top exporter of insurance and pensions worldwide
Britain is the world’s leading exporter of insurance and pension savings products, selling £13bn (€14.7bn, $16.8bn) to the rest of the world, according to latest figures released by the Association of British Insurers (ABI).