Life
LGIM’s profits slip despite rise in international assets
Legal & General Investment Management’s profit slipped by a marginal 3% to £171m in the first half of the year versus the same period in 2015.
Canada Life reassures investors on life bond withdrawals
Canada Life has reassured financial advisers that clients using its life bonds can still access their money even if part of their funds are in suspended UK commercial property funds.
OMGI eyes China distribution, puts plans in place
Old Mutual Global Investors has begun implementing a strategy to build distribution relationships across mainland China, according to the firm’s managing director Warren Tonkinson.
MetLife net income down 94% after variable annuity review
US insurance giant MetLife reported a drop in net income of 94% to $64m (£48m, €57m) for the second quarter after bringing forward an annual review of its variable annuities business as it looks to offload a substantial part of its US retail business.
Strong FPI performance helps lift Aviva’s half year profits
A strong performance by Friends Provident International (FPI) saw Aviva’s operating profit from Asia rise nearly 50% for the first six months of 2016 driven in part by strong sales of protection products and retail health schemes in Singapore.