Industry
Praemium secures regulatory approval to launch UAE funds
Australian investment platform Praemium has launched five investment funds in the UAE, as it prepares to set up shop in the Dubai International Finance Centre (DIFC).
China nationalises troubled insurer Anbang
Insurance giant Anbang is entirely under government control after the country’s regulator confirmed it has seized over 98% of the formerly privately-held conglomerate.
Eastspring steps up multi-asset game
Eastspring Investments is looking at ESG and China-focused multi-asset products and adding people to its investment team, according to Colin Graham, Singapore-based chief investment officer for multi-asset solutions.
South Africa’s Prescient Life sold
Johannesburg-headquartered investment manager 27Four has secured a life insurance licence after agreeing to acquire 100% of Prescient Life from its parent company Prescient Holdings.
Brexit promise could see UK pensions raided
UK prime minister Theresa May shocked many political observers when she promised a £20bn ($26.4bn, €22.8bn) funding boost for the National Health Service (NHS) by 2023 last weekend raising the question of how to pay for it.