The END GAME, Rip Off Savings Plans Adeiu!

Gordon Robertson Investment Leave a Comment

I remember talking to friends and colleagues about it being harder to become a real estate agent than a UAE financial advisor. Blank stares, open mouths, bewilderment stared back at me. Although it reflected the IFA market, it also included the banks There is a minority of advisors in the UAE who are dedicated and ethical, however they are overshadowed …

UAE Insurance Intermediaries to be regulated

Gordon Robertson Insurance Leave a Comment

There has been a lot of articles about the new regulations regarding products, but nothing about the proposed regulation of intermediaries. It has currently only been issued on the Circular 22, however if no objection the consultation period will end May 12. It is expected that this will be quickly be adopted with an implementation period of two years. I …

Documenting Change

Gordon Robertson Insurance Leave a Comment

It has been described as a ‘game changer’ by some, but whatever the terminology, the changes being introduced by the UAE Insurance Authority will impact on advisers and providers in equal measure, as Gary Robinson has found out by speaking to those affected. Following an announcement on April 25, the United Arab Emirates Insurance Authority issued its regulations package, which …

The UAE IA’s Circular No. 12: ‘Advisers, get ready to be registered, tested’

Gordon Robertson Investment Leave a Comment

Towards the end of last month, the United Arab Emirates Insurance Authority quietly went public with a 26-page synopsis of its latest thoughts with respect to its already-flagged-up plans to introduce a raft of new regulations governing the way life insurance and insurance-based savings and investment products are to be marketed and sold in the country.  The IA regulations package, …

The IFA industry in the UAE is not prepared for this 2017 shock

Gordon Robertson Insurance, Investment Leave a Comment

We have read articles about the coming changes proposed by the Insurance Authorities on insurance backed savings and investment products. Most of the articles I have read have only  covered a few points and as such have been incomplete. I have put together a very informative article which covers the most  important points  relating to the new proposals: These proposals …

Do you know what fees you are paying with your advisor?

Gordon Robertson Insurance Leave a Comment

The UAE is currently is about to implement changes to the way investors who invest through an insurance product is charged and how the advisor is compensated. These changes are long overdue, I have reviewed the Circular 33 and see that the massive changes will only benefit clients. However, I still believe the fees are still too high. The fees …

Wanted to invest and save in the UAE but heard too many scare stories? – Use these tips for successful investing

Gordon Robertson Investment Leave a Comment

There are new UAE rules regarding insurance products about to be introduced. They will benefit the consumer but I still think they do not go far enough. Most of my readers know that I am not a fan of insurance backed investment products, due to the lack of flexibility. The fees involved, the punishing exit fees, the lack of clarity …

Why misunderstanding and not being able to manage risk can damage your economic health?

Gordon Robertson Investment Leave a Comment

The generally accepted view from professionals and regulator’s when it comes to advice is “An investment fiduciary has an obligation to provide the advice that a prudent expert (an experienced advisor) would have given a similar client in similar circumstances” The term “prudent expert” has never been fully defined, but most courts and regulators believe it should be based on …