Worldwide Commission Disclosure Could Sound Death Knell for Isle of Man Life Companies

Death-001.jpgWhilst worldwide commission disclosure for life companies based in the Isle of Man such as Old Mutual International, Friends Provident International, and RL360 are two years away, life companies are beginning to brace themselves for a major slump in sales once the changes come into effect in January 2019. Some have argued the regulatory changes may sound the final death knell for life companies, which sought to delay commission disclosure that were intended to come into force in January 2018.
Learn more

Advertisements

What Is ‘FEE ONLY’ Advice And Should I Be Using It?

How do advisors get paid.Fee-only financial planners are investment advisors with a fiduciary responsibility to act in their clients’ best interest.  Fee-only means that they do not accept any compensation based on product or fund sales. Fee-only advisors have fewer inherent conflicts of interest, and they generally provide more comprehensive advice that is in the clients best interest.  Fee only advice is now becoming the norm in many developed and regulated markets unfortunately Fee-only advice is extremely rare in the expatriate market place with most advisory companies still offering a purely Commission-Based or Fee-Based services which can be a minefield for clients.  

Fee-Based Is Not the Same As Fee-Only

Commission-based agents and brokers often take offense at this distinction.  Blurring the difference, they created the category dubbed “fee based,” which means they charge a fee in addition to collecting commissions from the provider of a product or fund.  Studies show that even consumers seeking a strictly fee-only advisor find these terms extremely confusing especially when these commissions are often not disclosed to an investor.

Continue reading

Weekly Market Update

News this past week:

  • US indices record new highs
  • Fillon wins French centre-right primary
  • UK Q3 GDP growth at +0.5% amid sombre OBR forecasts
  • Euro area PMIs show encouraging signs of growth
  • Trump reiterates intent to leave TPP

Continue reading

Weekly Market Update

News this past week:

  • Markets buoyed by central bank meetings
  • Bond yields fall after US interest rates kept unchanged
  • ‘Hard Brexit’ speculation pushes sterling lower
  • Subdued PMI results for the euro area
  • Choppy week for oil ahead of OPEC meeting

Continue reading

Weekly Market Update

News this past week

  • Global bond yields rise in volatile environment
  • Mixed US data ahead of Fed meeting
  • Sterling falls after Chancellor’s comments
  • European markets retreat as industrial production declines
  • Reports of oil surplus sends prices lower

Continue reading

Intelligent Investments, Award Winning Wealth Management

Intelligent Investments Award Winning Wealth ManagementIntelligent Investments is delighted to announce we are finalists in three awards for International Investment’s 17th International Fund & Product Awards 2016 to be held on 12 October at the Four Seasons Hotel, Park Lane, London. The awards are:

  • Best Practice in Offshore
  • Best International Discretionary Fund Manager
  • Best International Practice in Asset Management

Learn more

Weekly Market Update

News this past week

  • Bank of England cuts rates and adds to QE
  • US sees continued job creation
  • Bank of Japan announces fresh stimulus
  • JGBs sell off; gilts rally
  • Oil rebounds midweek

Continue reading