Life
Investment | 12 May 15
QROPS changes forecast under new UK pensions minister
Experts across the Qualifying Recognised Overseas Pensions Scheme industry have welcomed the appointment of Ros Altmann as the United Kingdom’s new pensions minister, with many hoping she will introduce a sea change to the way expats are advised.
RL360° to purchase Clerical Medical Int’l
Isle of Man-headquartered, RL360° Group, is to buy the international life arm of Lloyds Banking Group, Clerical Medical International Insurance Company (CMI).
Evolution needed for offshore industry to thrive, says Axa
UK offshore life companies and advisers both need to evolve to maximise offshore bond sales by 2020, said Axa’s Simon Willoughby.
OMGI extends Asia push amid tough competition
Product launches, additional local staff and Hong Kong-domiciled funds are part of the plan as Old Mutual Global Investors extends an aggressive Asia expansion, Warren Tonkinson, head of distribution, tells Fund Selector Asia.
Advisers must brace themselves for new IHT trust duties from next March, warns Canada Life
Advisers must prepare clients for new tax and reporting requirements on trusts, as an inheritance tax (IHT) law introduced by the last Labour government reaches its tenth anniversary next March, Canada Life has warned.