Follow the latest news from the coronation of King Charles here
Iran has not been invited to King Charles III’s coronation in Britain, in a change from the late Queen Elizabeth II’s funeral.
Tehran was allowed to send a diplomat to the funeral last year despite President Ebrahim Raisi not being invited to attend.
But since then, Iran's role in supplying drones used by Russia to attack Ukraine has led to UK sanctions on regime officials, military figures and Iranian businesses.
A crackdown on women's rights protests in Iran in the autumn has also soured relations.
Iran is now in a small group of countries with no invitation at all to Saturday's coronation, Britain’s PA news agency reported.
While the royals are politically non-partisan, the diplomatic activity around the coronation is handled by the UK government.
Britain prepares for the coronation - in pictures
There is no invitation for Russia or its ally Belarus, with relations at rock bottom after the former’s invasion of Ukraine in February last year.
Syria, Venezuela, Myanmar and Afghanistan are also not invited.
North Korea and Nicaragua have been offered the chance to send a head of mission, as they were for the funeral.
China is sending Vice President Han Zheng.
The protocol is that invitations are generally sent to the heads of state of countries with whom the UK has full diplomatic relations, with a small number of exceptions.
The notes issued by the Foreign Office indicate the “roles to which the invitation could be delegated”, said one of its ministers, David Rutley.
US President Joe Biden, who attended the queen’s funeral, will be represented by his wife Jill Biden.
Heads of state expected to attend Saturday's coronation include presidents Emmanuel Macron of France and Frank-Walter Steinmeier of Germany.
King Charles is the head of state of several Commonwealth countries, such as Australia and Canada, who are sending their respective prime ministers, Anthony Albanese and Justin Trudeau.
Canada announced that astronaut Jeremy Hansen would be its flag-bearer at a procession, while Australia has nominated footballer Sam Kerr, who plays for the Chelsea women’s team in England.
The security operation is expected to involve about 9,000 people and authorities have compiled a watch list of possible troublemakers.
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Key changes
Commission caps
For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:
• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term).
• On the protection component, there is a cap of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).
• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated.
• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.
• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.
Disclosure
Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.
“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”
Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.
Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.
“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.
Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.
MATCH INFO
What: India v Afghanistan, first Test
When: Starts Thursday
Where: M Chinnaswamy Stadium, Bengalaru
Tax authority targets shisha levy evasion
The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.
Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".
The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.
He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.
"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.
As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5