uk to change discriminatory spousal iht rules
The UK Government is planning to relax the inheritance tax treatment of transfers from a UK domiciled individual to a non-UK domiciled spouse, following pressure from the European Commission.
Prudential
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life company sales forces are on
Distribution post-RDR may see life companies getting back into the investment game, building up their own substantial sales forces of restricted advisers.
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asia sales helps prudential hit near 30 increase
Asia continues to be one of the fastest growing markets for Prudential, with the region’s new business profit jumping by 15% year-to-date for the company, bolstered by significant growth in the key markets of Hong Kong, Singapore and Indonesia.
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prudential expands in thailand with bank deal
Prudential has agreed a significant long term bancassurance deal with Thailand’s fifth biggest retail bank, Thanachart Bank.
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akg produces first ever offshore with profits
Actuarial and consultancy firm AKG has produced a report into offshore with-profits bonds which looks at, among other things, the long term performance of the products from eight life offices.
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time apportioned reduction changes
Last week, HMRC published a consultation to propose changes to the time apportioned relief tax regime. Here Prudentials Gerry Brown explains what the revenue has set out to do.
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Pru delivers twice the profit growth
Prudentials Asia operation delivered stellar returns in the companys solid worldwide group half year results to 30 June this year, with the Asia life insurance business operating profit jumping by 26% to £409m, from £324m, compared with a 13% profit rise for the group as a whole.
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pru singapore offers highest initial payout
Prudential Singapore has launched PruCrisis Cover Vantage, its first critical illness product specifically designed for affluent individuals.
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four companies left in bid for avivas malaysian jv
Bidding for Avivas Malaysian insurance business has entered a second round, with four potential buyers still in the running for the deal which is estimated to be worth about $500m, according to media reports.
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prudential gets go ahead to enter cambodia
Prudential, the UK-based, international insurance giant, has been given the go-ahead in principle from Cambodias Ministry of Economy and Finance to establish a wholly foreign-owned life insurance operation in the country.
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prudentials tidjane thiam named
Tidjane Thiam, group chief executive of Prudential, is to be the next chairman of the Association of British Insurers.
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offshore bond sales into uk tumble 25 in q1
Total new business sales of UK distributed offshore bonds in the first quarter of the year plummeted by 25% from the same period in 2011, as recession-weary investors held off buying the tax-efficient investment wrappers that have long been a mainstay of many advisers wealth management toolboxes.