North America | 30 Aug 16
Axa wins landmark US court case over ‘exorbitant fees’
Axa has won a landmark court case in the US against investors who accused the French insurer of charging excessive fees on variable annuity products.
Commodities | 30 Aug 16
ANALYSIS: A double-take on gold funds
George Cheveley, manager of the Investec Global Gold Fund, details his structured, two-pronged approach, while Ani Markova, head of the Smith & Williamson Global Gold Fund, describes her fund’s long-term strategy. Chelsea Financial Services’ managing director Darius McDermott offers a neutral viewpoint.
China imposes limits on P2P platforms amid fraud concerns
China has imposed new lending limits on the country’s increasingly popular peer-to-peer (P2P) platforms in a bid to curb risks following the collapse of the industry’s largest lender Ezubao last year.
M&A firm Phoenix to shut down Cayman holding company
Life company consolidator Phoenix Group plans to close its Cayman Islands holding company and set up a new operation in the UK.
Retirement | 25 Aug 16
Rops harder to sell post-pension freedom, say providers
Sales of recognised overseas pension schemes (Rops) are taking a hit following the UK’s pension freedoms introduced last year, made worse by an FCA rule requiring British expats to seek regulated advice for defined-benefit pension transfers.