OMGI eyes China distribution, puts plans in place
Old Mutual Global Investors has begun implementing a strategy to build distribution relationships across mainland China, according to the firm’s managing director Warren Tonkinson.
MetLife net income down 94% after variable annuity review
US insurance giant MetLife reported a drop in net income of 94% to $64m (£48m, €57m) for the second quarter after bringing forward an annual review of its variable annuities business as it looks to offload a substantial part of its US retail business.
Macro Views | 4 Aug 16
ANALYSIS: Investor stakes raised as Carney fires bazooka
When I was a child my school clothes were often too big for me. My mother would buy them like that on purpose with the knowledge that I would grow into them eventually.
United Kingdom | 4 Aug 16
ABI reports 10-fold rise in use of Sipps post-pension reforms
The number of savers using self-invested personal pension schemes (Sipps) has increased 10-fold in recent years, data from the Association of British Insurers shows.
Best Practice | 4 Aug 16
More pain for UK expat retirees as BoE cuts rates
The Bank of England (BoE) has cut interest rates by half to 0.25%, adding more pain to pension savers already hit by years of low returns.