To stop its blacklist being whitewashed, the European Union should include Ireland, Luxembourg, Malta and the Netherlands on its list of tax havens when it is published on 5 December, Oxfam has warned.
Aviva is now the largest composite insurer in Ireland following a deal to acquire Friends First Life Assurance Company for €130m (£116m, $151m).
The portfolio bonds from Canada Life International (CLI) have halved the minimum single and additional investment amounts and increased the maximum age of the youngest life assured by 10 years.
Sales of offshore bonds rose by 60% in the first half of 2017, with new business through Canada Life International’s Isle of Man and Dublin-based offshore businesses hitting £566m ($736m, €626m).
The Irish Government said it issued over half a million new passports in the first half of 2017 with the number granted to British applicants set to double this year as people rush to secure their EU residency.
The Netherlands and the UK facilitate global tax avoidance by acting as conduits for 37% of corporate money heading to tax havens, research by academics at the University of Amsterdam shows.
Utmost Wealth Solutions has added two Dublin-based offshore bonds to its range following the completion of its acquisition of the investment bond business of Axa Life Europe.
PGIM Investments, the asset management arm of US insurer Prudential Financial, has registered a range of Ucits funds for sale in five new markets.
Legal & General will shift some of its business to Dublin once Britain leaves the European Union, while rival insurer Aviva is in the process converting its Irish life and general insurance branches into subsidiaries as the firms prepare for the post-Brexit environment.
Edinburgh-headquartered Standard Life is expected to choose Dublin as the centre for its European Union operations after the UK government completes the two years of Brexit negotiations.
The risks of using ETFs and whether they are fully understood by international regulators are under the spotlight in a discussion paper released by the Central Bank of Ireland.
Peter Kenny of Old Mutual International talks to International Adviser about the Isle of Man-based life company’s move into the high net-worth arena and the challenges and opportunities to come.
