News
Indonesia’s life premiums jump 28% in Q1
Premiums in the Indonesian life industry soared by 28% in the first quarter of this year, compared to the same period in 2016, according to latest data released from the Financial Services Authority (OJK).
Tax & Regulation | news 30 May 17
Fraudster fined just £1 in £5m UK landbank scam
A scammer involved in one of the Financial Conduct Authority’s (FCA) biggest investigations into unauthorised investment schemes is to pay just £1 ($1.28, €1.15) in compensation to victims who were duped into investing more than £5m in three landbank companies.
Best Practice | news 30 May 17
Isle of Man watchdog to review unregulated funds
Isle of Man treasury minister Alfred Cannan has confirmed that the island’s Financial Services Authority (IOMFSA) is “undertaking a review” of unregulated funds and will “make appropriate recommendations for change”.
Retirement | news 30 May 17
Aviva considers expanding UK pension transfer advice unit
Aviva is looking at offering advice to UK customers looking to transfer out of their final salary pensions in response to rising consumer demand.
Credit Suisse and UOB fined as 1MDB probe hits two years
The Monetary Authority of Singapore (Mas) has fined Credit Suisse and United Overseas Bank (UOB) and issued prohibition orders against three people following a two-year investigation into scandal-plagued wealth fund 1Malaysia Development Berhad.