Luxembourg’s IWI enlists Axa man to head UK drive
Luxembourg-based International Wealth Insurer (IWI) has engaged the former head of development at Axa Wealth International, Mike Foxall, to spearhead its entry to the UK market.
Regions
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Which China funds have been hit the hardest?
Over the last month, almost all China-dedicated equity funds have moved into the red, and there were plenty of brand names among the worst performers.
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Tavistock to close troubled advice network Financial Ltd
Private investment firm Tavistock Financial said it will shut down UK advice network Financial Ltd, which it purchased earlier this year, and replace it with a new network.
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RBC GAM hires Asia boss
RBC Global Asset Management, the asset management arm of Royal Bank of Canada, has taken on Ken Tam as head of Asia.
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Zurich makes £5.6bn offer for RSA
Zurich Insurance has formally tabled an all cash offer for RSA Insurance valued at £5.6bn ($8.8bn), which the UK-listed firm said it was likely to accept.
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Sesame tops FOS list for most complained about adviser
Advisory network giant Sesame has topped the list again for being the most complained about advice firm in the UK, data from the Financial Ombudsman Service reveals.
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Hong Kong ruling risks ‘inconsistencies’ in advice requirements
Hong Kong advisers offering insurance products could face inconsistencies in their overall requirements when a new measure comes into force next year, Old Mutual International’s Mark Christal has warned.
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QDII funds face shutdown in China market slide
China-based fund house Manulife Teda will decide on the liquidation of its Qualified Domestic Institutional Investor fund, highlighting the general underperformance of the QDII vehicle.
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Abraaj Group raises $375m for Africa investments
The Dubai-based Abraaj Group said it had raised $375m for a fund that will focus on North Africa.
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Guernsey tops 800 licensed insurance companies
Guernsey said it has licensed 45 more international insurance companies in the first six months of 2015, bringing the total number of insurers operating in the channel island to 816.
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UK Government boosts film tax relief
UK chancellor George Osborne has announced a 25% tax credit on all qualifying expenditure across the £1.4bn UK film industry, bringing it in line with TV tax relief.
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Swiss-Asia expands to target growth in financial entrepreneurs
Swiss-Asia Financial Services (Swiss-Asia), a Singapore-based independent asset management company, said it plans to expand its operations to meet the rising demand coming from entrepreneurial finance professionals.