Axa Life’s Singapore CEO steps down in restructure
Chief executive of Axa Life Insurance Singapore, Glenn Williams, has stepped down after 15 years with the Axa group following a restructure of the business.
Industry
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Robeco sets up Singapore office
Netherlands-based Robeco has opened a new office in Singapore for sales and client servicing and, separately in Asia, New York Life Investment Management is opening a Japan sales office.
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Three UK advisers arrested in £132m tax-dodging fraud
Three UK tax advisers have been arrested as part of a HM Revenue & Customs (HMRC) investigation into a suspected £132m ($173m, €157m) fraud involving offshore trusts.
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PEOPLE MOVES: Pimco, Brewin Dolphin, T. Rowe Price
A senior management shift has seen Pimco poach its new chief executive from Man Group. Brewin Dolphin has named two divisional directors, while T. Rowe Price has created a new head of strategic partners role.
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Qrops provider unveils new product for offshore bond market
Malta-based Integrated Capabilities has launched a new Qrops product specifically designed to allow savers to invest in the offshore bond market.
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Platforms face inflection point as competition cuts margins
The ongoing technological revolution has levelled the financial services playing field globally, argues Jaco van Tonder, head of advisory services at Investec Asset Management – and with that levelling comes both risk and opportunity.
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New FCA chief unconvinced FAMR recommendations will work
UK Financial Conduct Authority chief executive Andrew Bailey has admitted to the government’s Treasury Select Committee that proposals made by the Financial Advice Market Review may not solve the advice gap, which was in part created by the Retail Distribution Review.
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UK should apply brakes on further tax reform, OMW says
Old Mutual Wealth is calling on the UK government to halt any further plans for pension reform despite a recent survey by the life insurer suggesting that changes to tax relief would not discourage retirement saving.
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Malaysian finance centre grows Asia Pacific footprint
The Labuan International Business and Financial Centre (IBFC) approved 16 new insurance and insurance-related licences in 2015 as it expanded its footprint in Asia Pacific.
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First Names Group acquires Nautilus
First Names Group has received regulatory approval to acquire trust and corporate services provider Nautilus Trust Company in Jersey, Hong Kong and London.
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Aetna adds employee mental health cover to insurance plans
Expat health insurer Aetna International will now offer specialist mental health services as part of its international healthcare plans.
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Int’l IFA group urges UK government to delay non-dom reform
Boston Multi Family Office (BMFO), an Isle of Man-based tax advisory firm with offices in Malta and Dubai, has called on the incoming chancellor Philip Hammond to delay tax reforms governing non-UK domiciles.