UK insurer Phoenix poised to buy Axa’s Sun Life
UK insurer Phoenix Group is close to securing a £500m ($717m, €634m) buyout of smaller rival Sun Life from French insurance giant Axa, The Financial Times has reported.
Tax & Regulation | 25 Apr 16
More countries sign up to beneficial ownership transparency
The Isle of Man and Gibraltar are among a group of 22 jurisdictions that have signed up to an information-sharing initiative to combat tax evasion, while Australia is looking at creating a public register revealing the identities of the beneficial owners of shell companies.
Alternatives | 25 Apr 16
BMO Global AM launches new absolute return fund
BMO Global Asset Management has launched the BMO Global Equity Market Neutral Fund.
Offshore Bonds | 25 Apr 16
HMRC to overhaul 5% tax free allowance on life bonds
The UK tax office plans to overhaul rules governing the part surrender and part assignment of life insurance policies to redress the unfair tax bills which some individuals face if they withdraw money from an investment bond in the wrong way.
Macro Views | 21 Apr 16
Is it time for ‘helicopter money’ in the eurozone?
With the European Central Bank confirming it is holding interest rates at rock bottom levels, Miton’s Anthony Rayner has posed the question as to whether it is time to turn to a different weapon in the fight to generate some momentum in the eurozone economy.
