Aviva to sell 60% of Hong Kong life business in digital venture
British insurance giant Aviva has agreed to sell two thirds of its Hong Kong life business to Chinese tech firm Tencent and private equity firm Hillhouse Capital in a deal that will see the unit transform into a digital insurer.
Green EU politicians name 140 firms in hitlist of ‘tax dodgers’
Cross border financial services provider STM was among a list of 140 firms accused of helping wealthy individuals avoid paying tax on a large scale, according to a new report by the Tax Justice Campaign, run by Green Party politicians in the European Parliament.
Tax & Regulation | 25 Jan 17
UK tax ‘error’ penalties up almost 40% in HMRC clampdown
HM Revenue & Customs penalties against taxpayers who have deliberately understated their income are up nearly 40%, according to new figures obtained by international tax advisory firm RSM.
Best and worst equities funds in Asia in 2016
Brazil, Russia and commodities funds were among Asia’s best performers in 2016, while China funds were among the worst.
Investment | 24 Jan 17
Talib Sheikh on the bespoke nature of JPM AM’s income fund
The co-managers behind JP Morgan Asset Management’s flagship Global Income Fund build customised, income-orientated ‘sleeves’ with the aim of delivering an attractive yield and capital appreciation to boot.