Sun life Financial to own Indonesian life insurer outright
Sun Life Financial (SLF) has announced that it will take 100% ownership of the Indonesia-based life insurer PT CIMB Sun Life (CSL), after signing an agreement to purchase an additional 51% stake on top of the 49% it already owns.
Alternatives | 24 Mar 16
Life industry needs 21st century solutions – ITA’s Phil Story
The head of distribution for Investors Trust Assurance (ITA), Philip Story, says life companies are in need of 21st century solutions to meet the changing demands of today’s clients.
Credit Suisse to cut 2,000 more jobs, save another CHF800m
Credit Suisse is to eliminate another 2,000 jobs and make an additional CHF800m (£576.1m, $824m, €733.8m) in cost savings, as it accelerates the pace of its restructuring following disappointing results in the final quarter of 2015.
Alternatives | 23 Mar 16
Alternative funds could outsize fixed income by end of 2016
More assets will be invested in alternative investment funds than in fixed income globally by year-end if the current fund flows trend persists. Net flows into alternative funds saw double-digit growth for the second year in a row, according to a Morningstar report.
AFH drops bid for Lighthouse over ‘limited growth prospects’
IFA consolidator AFH has pulled out of a potential bid to acquire Lighthouse as it sees “limited growth prospects” for the national advice firm.