News
Middle East | news 26 Oct 16
Kuwait rejects a separate insurance regulator
Kuwait’s Ministry of Commerce and Industry has rejected a proposal to establish a separate body to oversee the insurance industry, despite wide-sweeping reforms to sector’s capital adequacy requirements.
Election brouhaha bruises confidence in US equities – Lloyds
Investors in the United Kingdom are less enthusiastic about US equities under the shadow of the presidential election, according to the latest figures from the Lloyds Bank Investor Sentiment Index.
South Africa contemplates introducing new wealth tax
South Africa’s government could be looking to introduce a wealth tax as the country struggles to deal with extreme income inequality coupled with a dwindling tax base.
Tax & Regulation | news 25 Oct 16
Arck directors banned by the FCA over £50m fraud
Two UK company directors, who were convicted for giving clients bad advice to invest in fraudulent property investment scheme Arck LLP, have now been banned by the Financial Conduct Authority (FCA).
Best Practice | news 25 Oct 16
UK advisers set to overhaul business models under Mifid II
Over a half of UK advisers believe additional regulatory and compliance demands when Mifid II comes into effect will force them to review their business models, according to Investec Wealth & Investment (IW&I).