United Kingdom
Tilney’s ‘landmark’ acquisitions sees assets surge by 138%
Tilney Group ended 2016 with more than twice as many advisers and assets under management of £22.4bn ($28.9bn, €25.6bn) after acquiring wealth manager Towry and UK-based Ingenious Asset Management.
Middle East | 6 Jun 17
IoM and UAE regulators ‘in talks’ over life sector overhaul
The Isle of Man Financial Services Authority (IoMFSA) has met with the UAE Insurance Authority to compare notes on pivotal life sector reforms due to be introduced in their respective jurisdictions.
Tax & Regulation | 5 Jun 17
UK’s IHT relief on charitable relief reaches record levels
The amount of inheritance tax saved by leaving money to charities in the UK is predicted to surpass £900m (€1,027m, $1,159m) in the next financial year, following a sharp increase in the amount of charitable donations left in wills.
IoM considers changes to commission disclosure rule
The Isle of Man financial services regulator is considering scrapping broad commission disclosure requirements for life companies headquartered on the island, in favour of implementing policyholder-specific disclosures by 2019, according to industry sources.
Best Practice | 5 Jun 17
Tories trump Labour as UK advisers struggle with uncertainty
Advisers favour a Conservative victory in the UK general election as nearly one in three say uncertainty over the result and its aftermath are a major concern for their business, research from MetLife shows.