Industry

Asia | 4 Apr 18

Chinese insurance giant Anbang is to get a capital injection worth RMB60.8bn (£6.9bn, $9.7bn, €7.9bn), a month after control of the group was seized by the country’s insurance regulator and as its ex-chairman faces life behind bars.

Best Practice | 3 Apr 18

Prudential, Scottish Widows and LV are the latest providers to stop their free pension transfer value analysis services (Tvas) for advisers, as they respond to regulator concerns that such tools could act as an inducement.

Investment | 3 Apr 18

Global equity funds with large allocations to tech could trigger a “wider problem” if Monday’s sell off continues, with many investors exposed to the sector even if they do not have direct holdings.

Companies | 3 Apr 18

A Wall Street heavyweight has joined Man Group, while BMO Global Asset Management has made three senior hires to bolster its socially responsible investing and Ostrum Asset Management has hired an equity chief investment officer.

Industry | 3 Apr 18

A US judge showed leniency in the tax evasion trial of rapper DMX after listening to one of his hit tracks about his difficult childhood.