Life
FCA raises concerns over life company fee transparency
The UK’s Financial Conduct Authority has raised concerns over the transparency of exit and penalty charges found in the closed-book life insurance policies of six insurance firms, including Old Mutual and Prudential.
Allianz offers health plan for locals and expats in Lebanon
Allianz Worldwide Care, part of the giant Allianz Group, has launched a health insurance programme for expats and nationals living in Lebanon.
MetLife in talks to sell US retail adviser business
MetLife, the largest life insurer in the US, confirmed on Thursday that it is in talks to sell its roughly 4,000-strong adviser force MetLife Premier Client Group to Massachusetts-based MassMutual Financial Group.
Spate of broker licences sparks hope in UAE
The distribution of new broker licences in the United Arab Emirates (UAE) in the first few weeks of 2016 has raised hopes the industry regulator is poised to further open up the market.
Aegon platform business surges in pension ‘perfect storm’
Aegon’s UK platform business has benefited significantly from the pensions freedoms announced in April, the firm said.