Asian equities rise but volatility to remain
Asian equities have rallied in the third quarter of the year with a strong performance from technology, but volatility is likely to remain
Author: Kirsten Hastings
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Hong Kong IFA firm buys stake in Nutmeg for £24m
Convoy, one of the largest IFA firms in Hong Kong, has paid £24m ($30.2m, €27.8m) for a stake in UK investment platform Nutmeg, in a move praised by UK chancellor Philip Hammond.
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Two acquisitions for Guernsey’s MJ Hudson
Specialist law and asset management services firm, MJ Hudson, has acquired investment advisory firm Allenbridge and outsourced fund management provider Tower Gate Capital.
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Zero corporation tax does not ‘make’ a tax haven: EU ministers
Jurisdictions that offer zero rates of corporation tax, such as Jersey and Guernsey, may not automatically be considered tax havens, EU finance ministers have said.
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Ten weird and wonderful insurance policies
People often lump insurance into three categories: car, home, and life. While few would think of the world of insurance as an exciting place, Aegon has put together a list of 10 weird and wonderful insurance policies to brighten, what has been for some, a dreary week.
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US Republicans want Fatca repeal despite $10bn tax haul
The US Foreign Account Tax Compliance Act (Fatca) could be repealed when Donald Trump becomes president if the Republican Party sticks with its 2016 policy platform, despite more than $9.9bn (£8bn, €9bn) being paid through voluntary compliance efforts.
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Financial crime will ‘mutate and morph’: FCA chief
It would be unwise to say that financial crime has been beaten as it will always “mutate and morph”, according to Andrew Bailey, chief executive of the UK’s Financial Conduct Authority (FCA).
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Prudential sells Korean life insurance business to Mirae
Prudential has agreed to sell its life insurance subsidiary in Korea to Mirae Asset Life Insurance for KRW170bn (£119m, $148m, €134m).
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PEOPLE MOVES: Zurich, Wren Sterling, Isle of Man FSA
Zurich has made two senior appointments as group chief executive Mario Grecco continues building his team. Wren Sterling has named an ex-Aviva man as its new chief executive, while the Isle of Man Financial Services Authority has announced four senior people moves.
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Singapore confirms ex-offenders can work in financial services
The Monetary Authority of Singapore (MAS) has no rules against hiring ex-offenders for positions in the financial services sector, deputy prime minister Tharman Shanmugaratnam has confirmed.
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Priips delay welcomed, 2018 start confirmed
The European Commission’s one-year extension to the introduction of key information documents (Kids) for packaged retail and insurance-based investment products (Priips) has been welcomed across the investment sector.
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Offshore pension off limits in UK divorce ruling
Overseas pensions could be excluded from sharing orders during divorce proceedings after the England & Wales Family Court said that it has no power to make such an order.