Novia Global expands into Middle East, teams up with PWS
Novia Global, the international platform arm of UK-based Novia Financial, has started doing business in the Middle East.
Search Results for: Isle of Man financial services authority
Solvency II ‘life support’ is a step in the wrong direction
Solvency II is a step in the wrong direction that will keep some companies alive that would be better giving themselves a decent burial and consolidating themselves out of the market now, according to industry consultant Ned Cazalet.
Ireland’s ITC expands into Malta with Qrops and EU-wide pension
Irish pension trustee firm ITC International Pensions has moved into Malta with the launch of a new Qrops offering as well as the first commercially available EU-wide workplace pension scheme on the island.
Malta amends tax rules to clarify Qrops 30% transfer limit
Malta’s government has amended its income tax rules to make clear that savers can still take a 30% pension commencement lump sum (PCLS) when they transfer their pension pot into a Qrops registered on the island, after “significant lobbying” efforts by specialist provider Momentum Pensions.
IoM plans to enforce full commission disclosure worldwide
The Isle of Man regulator has announced plans to make it mandatory for international life companies based on the island to disclose to retail customers all commissions being paid to their financial adviser.