News
Commodities | news 1 Aug 17
Benchmark huggers? Not in Luxembourg, claims regulator
There are no benchmark huggers in Europe’s biggest fund centre, Luxembourg’s financial regulator CSSF has claimed, “except one isolated case.”
Best Practice | news 1 Aug 17
UAE regulator ups pressure on advisers over fees and capital
The UAE Insurance Authority has announced plans to tighten capital requirements for licenced brokers and ensure full disclosure of all commissions ahead of its move to restrict upfront fees.
PEOPLE MOVES: White House, Legal & General, DIFC
Political firework Anthony “the Mooch” Scaramucci may return to the investment world after being fired as White House communications director. Legal & General Insurance has created a managing director role focusing on fintech, while a former deputy chief justice of the DIFC court has died.
VAM Funds launches online valuation system for DFM fund range
Luxembourg-based asset manager VAM Funds has launched an online valuation system for IFAs who use the firm’s discretionary fund management services.
Tax & Regulation | news 31 Jul 17
FCA bans IFA from giving DB pension transfer advice
Another British financial advice firm has been stopped from carrying out defined benefit (DB) transfer advice by the Financial Conduct Authority (FCA), as Standard Life calls for greater flexibility.