Make no mistake, Cyprus ticks all the boxes
Andreas Yiasemides
Andreas Yiasemides, President of the Cyprus Investment Funds Association (CIFA)
The ultimate jurisdiction for Middle East and North Africa (MENA) funds that want to invest in Europe, and international funds interested in the MENA region
Cyprus investment fund industry has shown remarkable stamina and resilience during the pandemic as it continued to grow at a remarkable pace.
According to the Cyprus Securities and Exchange Commission (CySEC), at the end of the second quarter of 2020, total assets under management increased to almost ?8 billion (a quarterly increase of 5.3 per cent), despite the difficulties and times of great uncertainty the COVID-19 pandemic has brought upon us. Since 2016, assets under management by entities regulated in Cyprus have increased by 196 per cent. What is more, the European Fund and Asset Management Association reported that Cyprus is the fastest-growing European centre in terms of n
Lloyds pay black staff 20 per cent less than their white peers
Lloyds Banking Group has revealed that black staff at the company receive around 20 per cent less pay than their colleagues.
The average hourly earnings of black, Asian and minority ethnic (BAME) employees is 6.8 per cent lower than that of white employees, according to the Ethnicity Pay Data Report, published by the banking giant today.
Black employees make up only 1.5 per cent of their workforce and have the greatest median pay difference, namely 19.7 per cent.
Under-represented
The pay gap is a result of BAME under-representation at a senior level within the bank. The Lloyds report found that black employees make up just 0.6 per cent of senior management.
As spot check finds 47 advice companies on Unbiased which are not on the institute’s database
Chartered status in the financial advice sector is a highly regarded accreditation that many businesses aspire to achieve but some are lying about having obtained it.
A recent investigation by
New Model Adviser found that 47% of firms claiming to be chartered financial planners on directory Unbiased were not listed on the Chartered Insurance Institute’s (CII) database.
Out of 99 randomly-selected advice firms listed on Unbiased as ‘chartered financial planners’, only 52 also appeared on the CII’s official database of chartered firms.
The CII confirmed to