Global PE firm completes majority investment in IFGL
RL360 and FPI parent group will use financial backing to buy more firms
RL360 and FPI parent group will use financial backing to buy more firms
Just 3% rank contributions to their nest eggs as the top priority area to cut costs
While advisers in the region turn to DFMs to streamline investment offering
As RL360 and Friends Provident International parent company seeks to bolster its Sipp offering
Chief executive David Kneeshaw has taken on the role of group CEO
With changes and implementation high on the list
Risk that billions could be withdrawn from UK property funds by Christmas
Rumours circling that deal has fallen through
Senior figures in the Isle of Man life insurance sector have criticised Hansard’s decision to set up a company in the Bahamas, which the insurer admits was partly driven by the looming commission disclosure rules.
Isle of Man-based life insurer RL360° grew its present value of new business premiums (PVNBP) by 5% in 2017, continuing the company’s record of year-on-year growth.
The future of international life companies is “pretty well finished”, the chief executive of Novia Global told International Adviser’s Fund Links Forum on Thursday.
Aviva’s decision to sell Friends Provident International (FPI) to RL360° for £340m ($444m, €384m) is “a game changer” for the life insurance industry, David Kneeshaw, chief executive of RL360°, told International Adviser.