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Aberdeen board approves Standard Life merger amid Scottish Widows rumours

By: Gary Robinson | 20 Jun 2017

Aberdeen Asset Management’s shareholders have approved the proposed merger with Standard Life plc amid reports of a possible additional Scottish Widows deal. Announced via a London Stock Exchange statement, the…

HK’s new insurance regulator’s first task ‘X-border enforcement’

By: Helen Burggraf | 12 Jun 2017

Hong Kong’s new insurance regulator, to be known as the Insurance Authority, will have as its first task “cross-border enforcement” in a bid “to protect the thousands…

Fiduciary rule: from today, US retirement advice must be in client’s ‘best interest’

By: Helen Burggraf | 09 Jun 2017

Two months after it was originally due to take effect, the so-called fiduciary rule – which is designed to ensure US investors are only sold retirement products that…

Bob Pain steps down as Investors Trust Assurance, SPC chairman

By: Gary Robinson | 09 Jun 2017

Bob Pain has stepped down as Cayman-based Investors Trust Assurance, SPC chairman as of 1 June.  The ITA SPC board said in a statement announcing the changes, that it will…

Isle of Man unveils ‘guidance note’ on collective investment scheme governance

By: Helen Burggraf | 23 May 2017

The Isle of Man Financial Services Authority has unveiled what it is calling a “Draft Guidance Note” on how collective investment schemes should best be regulated in the…

Hansard: holding its own in challenging industry during turbulent times

By: Gary Robinson | 23 May 2017

Surviving the past 30 years in global financial services is an achievement that has eluded many big name banks and financial services firms, particularly after the financial…

Simon Willoughby leaving Utmost Wealth, in wake of ‘restructure’

By: Helen Burggraf | 17 May 2017

Simon Willoughby, head of proposition at Utmost Wealth Solutions, the Isle of Man-based insurance-based investment product provider that was created out of AXA Isle of Man, is…

New insurance regs in Qatar: Clyde & Co’s take

By: Roger Phillips, Clyde Co Legal Director | 17 May 2017

The United Arab Emirates isn’t the only Gulf country in which insurance company executives are agonising over the exact meaning of new regulations affecting their industry. A…

Zurich in 10-year ‘exclusive’ UAE deal with StanChartered

By: Helen Burggraf | 09 May 2017

The Zurich arm of the Swiss Zurich insurance group has agreed a 10 year “exclusive’ deal with the Standard Chartered banking group to provide Standard Chartered’s United…

European distributors to reduce fund choice due to MiFID II: report

By: Gary Robinson | 09 May 2017

The European fund landscape is set to change forever, with a narrowing of investment choices and a lack of fresh launches in the future, set to reduce the options further, following the introduction of…

IoM publishes final draft of ‘Roadmap’; calls for comments

By: Helen Burggraf | 08 May 2017

The Isle of Man Financial Services Authority has at last published its long-awaited, final draft insurance industry “Roadmap”  for updating the Isle of Man’s regulatory framework for…

Singapore LIA bids to ‘redefine’ protection and health insurance

By: Gary Robinson | 08 May 2017

The Life Insurance Association Singapore (LIA Singapore) has vowed to “redefine” protection and health insurance in the region with a series of initiatives including plans to champion preventive…

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