Legal & General boosts profits on funds management growth
British insurer Legal & General boosted net profits by 8% in the first half of 2015 due largely to growth in its international fund management operations and demand from UK firms looking for help with defined benefit pension schemes.
Canary Islands Gov’t reduces succession and gift tax by 99%
The Canary Islands has announced that tax on successions and gifts to children and spouses will be reduced by 99%, a measure which is likely to save taxpayers on the island around €30m next year.
Tax & Regulation | 5 Aug 15
Bordeaux Services fined and banned over Arch Cru collapse
The directors of offshore fund administrator, Bordeaux Services, have been fined and banned for five years for their involvement in the collapse of the Arch Cru funds.
Retirement | 5 Aug 15
Momentum launches two pensions following UK buyout
QROPS provider Momentum Pensions Group has introduced two new pension schemes after securing a majority stake in its UK self invested personal pension (SIPP) business last month.
People Moves | 5 Aug 15
Brooks Macdonald creates deputy CEO role for Shepherd
Brooks MacDonald has appointed Andrew Shepherd to the newly created role of deputy chief executive.