Tax & Regulation | 10 Jan 17
HMRC under fire for ‘unrealistic’ plans to shut 170 offices
HM Revenue and Customs (HMRC) could be forced to abandon plans to shut 170 local branches after the UK government’s spending watchdog accused the tax office of being “unrealistic” over its restructure plans.
PEOPLE MOVES: Deutsche Bank, RLAM, J. Safra Sarasin
After Deutsche Bank’s head of anti-financial crime stepped down just six months into the job, the German bank has named his replacement. RLAM has created a global equity team by poaching three staff from Waverton IM, while J. Safra Sarasin has a new managing director for client advisory in Hong Kong.
Phoenix cashes in £117m from Axa purchase
Closed book provider Phoenix has said integrating the recently-bought pensions and protection businesses from Axa has generated more than £117m (€135m, $143m) in cash.
Macro Views | 10 Jan 17
GAM expands systematic Ucits fund range
Swiss-based asset manager GAM has launched a Dublin-domiciled Ucits version of its CCP Core Macro fund, targeting strong systematic macro returns with annualised volatility of 10%.
RL360° launches first Malaysia product
RL360° has launched Quantum Malaysia, a country-specific version of the insurer’s regular premium savings plan and its first product in Malaysia.