Italy urged to move to independent adviser certification
The country only has 6,000 qualified financial planners compared to 27,000 in Spain
The country only has 6,000 qualified financial planners compared to 27,000 in Spain
The group will also invest €1bn in the company’s first fund as ‘strategic capital’
It will offer financial advisory services to Brits in the Mediterranean country
Elsewhere, LGT opens Thai office and Swiss asset manager to break into Italian retail sector
Italy and Germany face a much tougher road
Spoiled for choice – Italian government offers prospective residents sun, good food and low taxes
Investors will have access to its range of investment solutions such as ETFs, Sicavs and Icav Ucits schemes.
Budget standoff between the European Union and Italy’s populist government has reignited eurozone debt concerns
Italy’s government backtracked on spending plans after a negative reaction, but further EU clashes expected
Italy’s Generali Group has agreed to sell a majority stake in Generali Leben to a German life insurance portfolio management company, in a deal that values the business at around €1bn (£882m, $1.17bn).
Italian expansionary fiscal policy is more likely to inform European Central Bank policy than political threats to financial stability, with some investors raising concerns the central bank could soon switch to a more hawkish tone.
UK equities could be a beneficiary of Spanish and Italian political turmoil, despite investors playing down existential risk to the European Union from the peripheral economies.