Old Mutual Int’l appoints UAE and Europe sales managers
Old Mutual International has named two new area sales managers for the United Arab Emirates and Europe.
Offshore Bonds
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FPI closes UK offshore operations to new business, cuts jobs
Friends Provident International has closed its UK offshore bond market operation to new business as part of a restructuring at its Isle of Man headquarters which will result in 33 job losses.
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Offshore platform Novia Global set to take off
Multi-currency offshore platform Novia Global is ready to go live at the end of the month, offering a streamlined system for advisers serving expats across different jurisdictions.
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Aegon looks to sell its UK annuity business
Dutch insurance giant Aegon is looking to sell its annuity business in the UK, following on from a move by the French insurer Axa to offload its British business, as international insurers react to the changing regulatory environment.
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Canada Life’s offshore bond market share hits 29% on L&G deal
Canada Life’s acquisition of Legal & General International has resulted in a combined 29% share of the offshore bond market into the UK.
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The future of the life industry: Eight predictions from Old Mutual Int’l
In the latest in a series of insights from prominent life industry figures, Marcel Bradshaw, sales director at Old Mutual International, takes a look at future opportunities.
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OMGI’s Heslop on launch of ‘style-driven’ offshore fund
Old Mutual Global Investors (OMGI) has launched its offshore Global Equity Income Fund, with manager Ian Heslop describing the market-driven, style-focused fund as “significantly different” from others in the sector.
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Sanlam UK wealth unit launches retirement income service
Sanlam Private Wealth, the UK wealth management arm of South African insurer Sanlam Group, has launched a retirement income service aimed at tackling the twin issues of living longer than expected and the huge range of investment choices.
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The future of the life industry: Eight predictions from RL360°
In the first of a series of insights from prominent life industry figures, David Kneeshaw, chief executive at RL360°, takes a look at future opportunities.
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HMRC spares ‘non-aggressive’ trusts from IHT avoidance scheme crackdown
HM Revenue & Customs has proposed strengthening the ‘hallmarks’ it uses to identify inheritance tax planning arrangements but has excluded certain types of trusts used alongside life assurance policies.
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Old Mutual Int’l launches trust campaign for offshore advisers
Old Mutual International has launched a campaign to promote “under-utilised” trusts among offshore advisers and will launch further support tools “shortly”.
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Ever increasing circles: RL360° in expansive mood
As the RL360° Group moves to complete its purchase of Clerical Medical International, David Kneeshaw, chief executive, makes no secret of his plans to pursue acquisitions to support growth and build scale in a recent interview with International Adviser.