Retirement | 24 Mar 16
Retirees shun Lamborghinis, taking just £25k from pensions
The average full withdrawal from pension pots since UK rule changes came into effect in April 2015 was just under £25,000 ($35,346, €31,673), new research by online investment platform AJ Bell shows.
Gibraltar removed from Bulgarian tax haven list
Bulgaria has removed Gibraltar from its ‘tax haven’ list following intensive lobbying from Gibraltar Finance and the state’s minister for finance and gaming, Albert Isola.
Macro Views | 24 Mar 16
Global open-ended fund assets show consistent growth – Efama
Worldwide assets in open-ended funds were €36.9trn (£29.2trn, $41.3trn) at the end of 2015, having outperformed every quarter in 2014, according to the European Fund and Asset Management Association (Efama).
Morningstar flags up UK commercial property slowdown
Morningstar has warned of a continued slowdown in the United Kingdom’s commercial property market.
People Moves | 24 Mar 16
PEOPLE MOVES: HBSC, SFC, Manulife HK, Alexander Beard
Former Standard Life head David Nish joins HSBC’s board of directors, while Hong Kong’s SFC appoints new director of enforcement. Manulife Hong Kong’s hires former Axa executive to head up its IT operations.