Esma, the European financial regulator, has published its advice on 12 jurisdictions seeking passporting rights for alternative investment funds (AIFs) giving seven a clear go-ahead with five others getting a qualified approval.
Aegon UK’s chief financial officer is to depart, while both the UK and Australian governments have announced further political manoeuvring following the Brexit referendum and Australian national elections.
Aviva Investors’ Kevin Talbot outlines the importance of the company’s acquisition of Friends Provident International for the Republic of Singapore, Hong Kong and Australia.
Graviton Financial Partners, a wholly-owned subsidiary of South African insurance giant Sanlam, has acquired a 49% stake in Firstglobal Asset Management for an undisclosed sum.
Up to three million people of working age in the UK who plan to use the value of their home to fund their retirement could be headed for a shock, says Royal London.
Ros Altmann has stepped down as UK pensions minister with a call for the new British government led by Theresa May to address some of the major policy reforms needed to ensure pensions meet the challenges facing retirees in the future.
Abu Dhabi’s Financial Services Regulatory Authority (FRSA) has signed two agreements with China to improve collaboration and cooperation.
Aviva will have an in-house team of advisers offering face-to-face pensions and retirement advice to customers in the UK by the end of the year.
Qatar’s royal family has increased its stake in Deutsche Bank to nearly 10% and recommended a replacement for an open position on the bank’s supervisory board.
UK-based Partnership has scrapped its recently-launched annuity drawdown hybrid product following the merger with Just Retirement.
Curtis Banks Group has acquired the self-invested personal pension (Sipp) business of UK-based European Pensions Management (EPM) for an undisclosed sum.
Over half of UK savers are cashing in their savings following the introduction of pension freedoms last year, research from the UK’s Financial Conduct Authority (FCA) suggests.
