Life
‘Monstrous’ offshore bond tax regime ripe for review
In a wide-ranging review of the tax treatment of pensions and savings income, the UK’s Office for Tax Simplification has called for HM Revenue & Customs to launch a review into life insurance withdrawals.
Old Mutual boosts adviser support team
Old Mutual Wealth has hired a pension specialist and an offshore tax expert to strengthen its services for international advisers.
Former boss of Chinese insurer Anbang jailed for 18 years
The ex-chief executive of China’s beleaguered Anbang Insurance Group has been sentenced to 18 years in jail for corruption and fraud and will have assets worth CNY10.5bn (£1.2bn, $1.6bn, €1.4bn) confiscated by the state.
Latin America drags on Zurich Q1 life results
Asia Pacific was the only Zurich region to report a rise in new business value (NBV) during Q1, while Latin America was the outlier in an otherwise positive set of annual premium equivalent (APE) results.
Life assurer chief executive departs over differing views
Different views on the strategy and direction of Luxembourg-based life assurer OneLife has seen chief executive Marc Stevens leave the company after four years.