News
Tax & Regulation | news 30 Dec 16
Regulators drive to improve customer outcomes in 2016
Industry regulators from Hong Kong, the UAE and Isle of Man moved forcefully in 2016 to drive forward a campaign for greater transparency on commissions and fees and the fairer treatment of clients across the international life industry.
HMRC, the Lobler case and 5% offshore bonds
Looking back on 2016, one of the biggest stories of the year was the HM Revenue & Customs proposals to overhaul part surrender and part assignment of life insurance policies in response to the 2007 case of Dutch national Joost Lobler.
Investors Trust Assurance moves to a bigger office in DIFC
Investors Trust Assurance, an offshore insurance and investment company, has moved to a bigger office within the Dubai International Financial Centre (DIFC).
North America | news 23 Dec 16
SEC charges US fund manager over $2.5bn pay-to-play scheme
A US pension fund manager has been charged by the Securities and Exchange Commission (SEC) for a $2.5bn (€2.3bn, £2.02bn) pay-to-play scheme, including cocaine and hookers.
Nutmeg raises another £12m from Taiwanese bank
Europe’s largest online wealth manager Nutmeg has attracted an additional £12m ($14.8m €14.1m) from Taipei Fubon Bank (TFB) and has revealed its assets under management for the first time.