An Axa Group stalwart has announced his retirement plans, naming his successors in the process. Carmignac’s head of equity has departed, while Old Mutual’s Quilter Cheviot has made two UK-based appointments.
Singapore’s DBS Group is reported to be the front runner to buy Barclay’s Hong Kong and Singapore private wealth units, reports the Straits Times.
International pensions provider Boal & Co has cut fees across its Qrops range following feedback from introducers.
Standard Life’s wholly-owned financial planning business, 1825, has agreed to acquire Scottish corporate and wealth management advice business Munro Partnership, having agreed to acquire Norwich-based Almary Green last week.
The Thai Securities and Exchange Commission has filed charges against a fifth financial advice firm in two months.
Closed book pension provider Phoenix Group is reportedly making a move on Deutsche Bank’s UK insurance unit, Abbey Life.
The Competition Commission of Singapore (CCS) has fined 10 firms nearly S$1m for collaborating to pressure a competitor to withdraw an offer of a 50% commission rebate on life insurance products.
Italian insurer Generali has appointed Philippe Donnet group chief executive, replacing Mario Greco who departed last month to take the top job at Zurich Insurance Group.
The UK’s double tax agreements (DTA) with Guernsey, Jersey, and the Isle of Man have been amended so that non-UK resident property developers will no longer be able to avoid paying income or corporation tax in the UK.
The Alternative Investment Management Association (Aima), the global representative body for alternative asset managers, is to establish a new voluntary network in Bermuda.
Senior level changes were the name of the game this week with Ashburton Investments announcing a new chief investment officer and two promotions; with Calamos Investments and Munich Re also making big changes at the top.
Unilife Global has launched a guaranteed whole of life plan to the offshore market in conjunction with Mauritius-based insurer Guardrisk.
