Swiss bank Syz exits Asia to focus on Europe
Switzerland’s Banque Syz has closed its asset management unit in Hong Kong to focus on European markets in the latest step towards consolidation in Asia’s wealth management industry.
Malta accused of being a tax haven after taking EU presidency
Malta has been accused of being a tax haven after a new report found that the European Union’s smallest member state helped multinationals avoid paying €14bn (£12.1bn, $14.8bn) in taxes between 2012 and 2015.
Best Practice | 10 Jan 17
Aviva to partner with LinkedIn in hunt for forgotten pensions
British insurer Aviva is in talks to team up with social media giant LinkedIn to create a scheme to track millions of forgotten pension pots.
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.
Old Mutual exits Europe after completing sale of Italian unit
Old Mutual has confirmed its exit from continental Europe after finalising the sale of its Italian operations to Phlavia Investimenti.