News
FCA rejects demand to review point of sale disclosure
Calls for a review of the complex and lengthy disclosure documents clients receive at the point of sale (POS) have been rejected by the Financial Conduct Authority despite the regulator admitting that customers can get confused.
Adviser recruitment under scrutiny in Singapore
In a bid to curb mis-selling and provide a framework for how advisory businesses can recruit from rival firms, Singapore’s Life Insurance Association (LIA) is reviewing its policies and is planning to issue new guidelines.
Gibraltar industry joining forces to tackle stiffer data regs
The regulatory burden of the EU’s General Data Protection Regulation (GDPR) has prompted Gibraltar’s regulator and insurance association to join forces to tackle the new legislation.
Partnerships key to growing AUM in India
A strong local partnership is an important part of building up assets under management in India, with eight of the 10 largest fund managers in the country being joint ventures, according to a report from Boston-based research firm Cerulli Associates.
Best Practice | news 25 Sep 17
Proceed with caution over pension transfers, FCA told
Advisers need clarity and reassurance on defined benefit transfers, the FCA has been told by the pensions industry in response to its consultation on update existing guidelines around advising on DB transfers.