Commodities | 27 Mar 16
Positive signs for gold as markets tumble
Gold outperformed most other assets as global equity markets took a beating at the start of 2016, according to State Street Global Advisors.
Lombard Int’l posts record 66% rise in new US premiums
Re-launched global brand Lombard International has reported a massive 66% increase in income from new business premiums in the US, compared to a more modest 13% rise from its European operations.
Retirement | 24 Mar 16
Retirees shun Lamborghinis, taking just £25k from pensions
The average full withdrawal from pension pots since UK rule changes came into effect in April 2015 was just under £25,000 ($35,346, €31,673), new research by online investment platform AJ Bell shows.
People Moves | 24 Mar 16
PEOPLE MOVES: HBSC, SFC, Manulife HK, Alexander Beard
Former Standard Life head David Nish joins HSBC’s board of directors, while Hong Kong’s SFC appoints new director of enforcement. Manulife Hong Kong’s hires former Axa executive to head up its IT operations.
Sun life Financial to own Indonesian life insurer outright
Sun Life Financial (SLF) has announced that it will take 100% ownership of the Indonesia-based life insurer PT CIMB Sun Life (CSL), after signing an agreement to purchase an additional 51% stake on top of the 49% it already owns.