Old Mutual break-up plan continues with US asset arm deal
Old Mutual has agreed to sell a minority stake in its US asset management business to Chinese financial services group, HNA Capital, for $446m (£354m, €410m).
Retirement | 23 Mar 17
Gibraltar names date for Qrops test regulations to go live
Gibraltar’s government has revealed that it will put in place personal pension regulations “on or before 31 March”, enabling the jurisdiction’s Qrops to retain their status.
Singapore regulator calls for end to ‘plague of misconduct’
The financial industry continues to be “plagued by egregious misconduct” and requires signficant reform, the Monetary Authority of Singapore’s managing director has said.
US justice department probes Jho Low role in 1MDB scandal
US authorities are planning to file criminal charges against Malaysian financier Jho Low in connection with the stricken sovereign wealth fund 1Malaysia Development Bhd (1MDB), the Wall Street Journal reported.
Retirement | 22 Mar 17
Treasury ruling out pension raid for now claims AJ Bell
AJ Bell is claiming that the UK Treasury has ruled out changes to pension tax relief within the next few years, despite government sources suggesting that this is on the agenda after the post Spring Budget climbdown on national insurance contribution rises for the self-employed.