IFAs face offshore pension transfer problems
From iExpats Financial advisers feel overseas pension transfer rules need a shakeup, according to new research. The survey by financial firm Old Mutual Wealth found almost 40% of international IFAs would welcome a review of offshore pension transfer regulations as…
Fraud, theft, foul play: Can advisers spot the next scandal before it breaks?
By Laura Miller From Professional Adviser How much can advisers really be expected to know about problem investments before they turn sour? Keydata and Arch cru collapsed separately six years ago, but important new details about who and what caused…
Cayman Finance welcomes FCA de-listing
Cayman Finance today welcomed news that the Financial Conduct Authority (FCA) in the UK has removed its recent “high risk countries” list from its website and does not plan to publish such a list in the future. Cayman Finance had…
The Barbados FTC in reverse; buy some batteries
By Patrick Hoyos From Caribbean360 BRIDGETOWN, Barbados, Thursday September 4, 2014 – Do you want to enjoy the benefits of renewable energy, without worrying about the anti-consumer rulings of the Fair Trading Commission? Well, then, you must take the FTC’s…
Cayman Islands Chamber says FCA “High Risk” listing “Insulting and lacks credibility” and Cayman Finance accuses FCA of “hypocrisy”
STATEMENT BY THE CAYMAN ISLANDS CHAMBER OF COMMERCE FCA listing: Insulting and lacks credibility The Chamber Council describes the recent “high risk” listing by the UK’s Financial Conduct Authority (FCA) as insulting to the Cayman Islands Government and the Cayman…
Fury over FCA including Cayman Islands on its “High Risk List”
There has been much fury from the Cayman Islands over the UK’s Financial Conduct Authority (FCA) placing the Cayman Islands on their High Risk List. The FCA states on its website: “We regulate the financial services industry in the UK….
Barclays fined $44 million over gold price fix
From Moneynews Barclays Plc has been fined 26 million pounds ($43.8 million) for failures in internal controls that allowed a trader to manipulate the setting of gold prices just a day after the bank was fined for rigging Libor interest…
