Net revenue was down by a quarter at Canada’s third largest insurer by assets, Sun Life Financial, during the fourth quarter and full year of 2015. The company also incurred a C$63m (£31.1m, $45.3m, €40.2m) restructuring cost related to the closure of its US wealth business.
Legal & General has entered into a second US pension risk transfer deal with a buy-out of around $65m (£44.9m, €57.7m) in pension liabilities.
American expats should not renounce their citizenship because of FATCA without considering all of their options, according to Nigel Green, chief executive and founder of deVere Group.
The first rate rise since the financial crisis was a long time coming and markets initially responded relatively well, but it is starting to look like a miss-step by the Federal Reserve.
Like any good rollercoaster, global equity markets had, by the end of the year, returned pretty much to where they started, while at the same time leaving investors somewhat shaken and a little nauseous for all the ups and downs along the way.
Investors will remember 2015 as a year spent trying to guess what major central banks around the world would do or say next.
The last time the Federal Reserve raised interest rates, Daniel Craig had just taken on the mantle of James Bond and Sylvester Stallone had just successfully resurrected the Rocky franchise from the ignominy of 1990’s Rocky V.
An examination of the impact pension freedoms have had on other countries exposes the potential downsides and risks facing UK retirees and the British state, a think tank has warned.
The digital advice market in the US will mushroom to $489bn from $18.9bn assets under management by 2020, a research firm has predicted.
JP Morgan Asset Management is rolling out a new US long-short equities fund managed by Rick I. Singh.
China has overtaken the US as the nation with the largest number of middle class adults in the world, according to a Credit Suisse report.
Deutsche Asset & Wealth Management has launched an ETF that offers exposure to the US dollar-denominated liquid corporate bond market.
