United Kingdom
Zurich to divest 25% stake in Openwork
Zurich Insurance Company will divest its 25% stake in financial services partnership Openwork within the next four years, under an agreement that will see Openwork continue to distribute Zurich product lines in the UK.
Middle East | 18 Feb 16
Jersey signs MoU with Abu Dhabi financial regulator
The Jersey Financial Services Commission (JFSC) signed a landmark memorandum of understanding (MoU) with the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) on Wednesday.
Macro Views | 17 Feb 16
Economic arguments around Brexit impact are ‘bogus’ – Woodford
British fund manager Neil Woodford has said he believes the United Kingdom’s economy would not be adversely impacted by leaving the EU, with temporary currency weakness the only real issue.
United Kingdom | 17 Feb 16
Blame for Jersey and Guernsey downgrades pinned on Brexit
Jersey and Guernsey have both blamed a possible ‘Brexit’ for Standard & Poor’s recent ratings downgrade despite S&P pointing to the G10’s rising focus on low-tax regimes and the impact that may have on their financial services sectors as the driving force behind its decision.
Investment | 17 Feb 16
Financial advisers keeping it in the family
The majority of financial advisers (82%) expect to see increasing numbers of clients referring them to other family members, according to research from Investec Wealth & Investment.