The Conservative Party’s plans to introduce a so-called ‘dementia tax’ as well as uncertainty surrounding the Finance Bill are the top concerns voiced by UK advisers ahead of the country’s general election on 8 June.
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.
Jersey-headquartered JTC Group has acquired Merrill Lynch Wealth Management’s International Trust and Wealth Structuring (ITWS) business, which provides the administration of trust services for the firm’s international advisory clients.
Five former executives connected to collapsed Australian finance group MFS have been ordered to pay more than A$600m (£350m, $450m, €400m) in compensation to investors by the Supreme Court in the state of Queensland.
Oil prices could rise in the months ahead and the price fall seen in the wake of OPEC’s Vienna meeting last week may be a buying opportunity, experts have said.
Real Madrid star Cristiano Ronaldo is facing possible tax fraud charges in Spain, days after fellow football legend and Spanish club rival Lionel Messi had his 21-month jail term for similar charges upheld.
Manulife’s president and chief executive is to retire, while Aegon has appointed a policy affairs heavy hitter to oversee the company’s government relations in Europe, the Americas and Asia. L&G has a new head of strategic business for its pension risk transfer division.
The British currency has suffered its biggest fall since April after a poll suggested the Conservative party’s lead in the UK general election had diminished.
Japan’s four largest life insurers have reported a 16% decline in combined domestic premium income in the fiscal year ending 31 March 2017.
Financial advisers in the UK still earn a quarter of their income from commission, according to latest figures from the Financial Conduct Authority (FCA).
US mutual fund giant Vanguard has launched a wholly-owned operation in China to target the fast-growing retail investment market in the world’s second largest economy.
STM chief executive Alan Kentish has said the cross border financial services provider is well placed to go on a “buy and build acquisition spree” of Qrops businesses, following the UK’s shock decision to impose a 25% transfer charge earlier this year.
