Reserved AIFs will come to market by the end of June
The Reserved Alternative Investment Fund (RAIF), a new type of EU-wide investment vehicle, will be available by the end of June, according to prominent Luxembourg-based lawyer Jacques Elvinger.
UBS wealth management sees strong inflows amid profits slump
Swiss bank UBS reported the strongest inflows to its wealth management division since 2008, although pre-tax profits were lower than analyst expectations and below last year.
United Kingdom | 3 May 16
Half of UK advisers turn away 5 clients every month
Almost half of British financial advisers have turned away up to five potential customers in a month, while one in 10 has rejected six or more people, according to a new study by Prudential.
Aviva’s closed offshore unit to be sold to consolidator LCCG
M&A firm Life Company Consolidation Group (LCCG) has agreed to buy Aviva Life International.
Irish health insurer Vhi enters life sector with Zurich
Ireland’s state-owned insurer, Vhi Group, the country’s largest health insurer, has entered the life insurance market after joining forces with Zurich Insurance.