News
People Moves | news 19 Jan 17
Jersey’s assistant chief minister resigns over fund failings
Philip Ozouf, assistant chief minister of Jersey, has stepped down following the publication of a report highlighting a catalogue of failings in how the island’s Innovation Fund awarded more than £2m ($2.5m, €2.3m) of taxpayers’ money to start-ups.
Standard Chartered, Allianz ink insurance distribution deal
Standard Chartered Bank has announced a 15-year deal with Allianz to sell its general insurance products, including travel, personal accident, fire and motor insurance products, across the bank’s retail banking network in five key markets across Asia.
Hansard joins forces with IA regulated insurer in UAE
Hansard International has signed a strategic deal with a ‘major local insurer’ in the UAE which is regulated by the Insurance Authority.
Is duration risk an issue for high-yield investors?
As inflation is rising and interest rates seem to have bottomed, investors are reducing the duration of their bond portfolios. But is duration risk really a factor in all fixed income asset classes?
Tax & Regulation | news 18 Jan 17
FCA punishes IFA firm for pension transfer failures
Bank House Investment Management, the personal wealth division of the UK-based Bank House group, has been barred from carrying out business such as advising on investments after an investigation by the regulator into its pension transfer business.