Life
‘Lifestyle’ insurance start-up set for launch
An AIG-backed life insurance tool that uses ‘behavioural science and artificial intelligence’ is to be rolled out later this year.
Equitable Life joins £24bn consolidator’s stable
Policyholders could be set for a windfall after the world’s oldest mutual assurer, The Equitable Life Assurance Society, is sold to Life Company Consolidation Group (LCCG).
‘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.