How big is the cross-border life industry?
Hint: it’s about the same size as the entire German domestic life market…
Hint: it’s about the same size as the entire German domestic life market…
Ailo chief executive outlines trade body’s strategy as it turns 33
Two European financial adviser associations are the latest addition
While advice company boss warns no change is ‘certain death’ for wealth firms
Companies complain that local requirements are costly and unnecessary
Alan Morgan-Moodie retires after 31 years, the last six in the top job
Alan Morgan-Moodie is to retire as chief executive of the Association of International Life Offices (Ailo), a post he has held since 2010.
In a wide-ranging review of the tax treatment of pensions and savings income, the UK’s Office for Tax Simplification has called for HM Revenue & Customs to launch a review into life insurance withdrawals.
The pan-European personal pension product aims to make long-term savings simpler while providing greater mobility across EU borders but there are critics that say the scheme, unless radically rethought, is doomed to fail.
Having borne the brunt of the media scrutiny following the Paradise Papers hack, key figures in the international life insurance industry have hit back and defended the Isle of Man and other international financial centres.
The States of Jersey has named a chief officer of its financial services team, while Lombard International Assurance has created a general counsel role for its European operations. Stanhope Capital has secured a former Mexican finance minister for its board.
The Association of International Life Offices (Ailo) has published a ‘Guide to Moving Abroad’, designed to assist advisers with clients planning to leave the UK to work or retire.