Companies
Bangkok-based MBMG co-founder Graham Macdonald to retire
MBMG Group co-founder and managing director, Graham Macdonald, has confirmed that he will retire from his post in Thailand at the end of May.
Allianz to sell €4.5bn cache of Italian life policies
Insurance giant Allianz is looking to sell a portfolio of life insurance policies in Italy worth €4.5bn ($5.09bn, £3.6bn) as it struggles to cope with rock-bottom interest rates, Reuters has reported.
OMW caps exit fees for customers aged 55+
Old Mutual Wealth is reducing its exit fees on traditional UK pension contracts, putting a 5% cap in place for all customers aged 55 or older.
BlackRock to embark on biggest layoff in its history
BlackRock reportedly plans to cut 400 jobs during the coming two weeks in what would be the largest layoff in its history.
Royal London life and pension business up 40%
Royal London’s new life and pensions business rose 40% to £6.8bn ($9.7bn, €8.6bn) in 2015, following improved operating efficiency initiatives embedded across the business.