Bidding for Avivas Malaysian insurance business has entered a second round, with four potential buyers still in the running for the deal which is estimated to be worth about $500m, according to media reports.
HMRC has received more than 400,000 calls to its tax evasion hotline during the past five years, according to data obtained via a freedom of information request.
Lombard International Assurance, the Luxembourg-based wealth management subsidiary of Friends Life, has named Vincent Pinte executive director for business development and marketing.
Following the recent Budget announcement that there is going to be an annual limit applied to payments to qualifying policies, which includes maximum investment plans (MIPs), a consultation is currently underway.
An Atlanta, Georgia-based lawyer who specialises in helping investors take legal action against negligent stockbrokers and financial advisers has launched a website, which he says is aimed at giving investors a forum in which to air their grievances.
The deVere Group is continuing its push into less-well-known overseas markets, with plans to open an office in the North Malaysian state known as Penang, for which it has obtained a licence from the Labuan Offshore Financial Services Authority.
Clyde & Co, the international law firm, is to open an office in Tripoli next month, becoming the first law firm to go into Libya since the Arab Spring uprising last year.
Tim Searle, founder and chief executive of the Dubai-headquartered international advisory company Globaleye, considers the impact Britains retail distribution review is beginning to have, and will have, on the regulation of financial advisers in other jurisdictions going forward
The chief minister of Guernsey has told the islands local newspaper that Guernsey has no plans to change its constitutional relationship with the UK, even though it has “restarted a review” of that relationship.
Shares in Felda Global Ventures Holdings closed today at their highest price since the Malaysian state-owned palm oil conglomerate went public at the end of June, in the worlds second-largest Initial Public Offering of the year.
Although UK advisers are increasingly making use of platforms, among those who do, less than half their client bank is registered on them, according to new research.
Less than a fortnight after a senior Jersey politician revived talk of breaking away from the UK if it continued to get a raw deal, a Manx politician has called for a “comprehensive and independent” review into the potential benefits of gaining independence.
