Industry
Aviva acquires Irish insurer Friends First
Aviva is now the largest composite insurer in Ireland following a deal to acquire Friends First Life Assurance Company for €130m (£116m, $151m).
Latest news | 14 Nov 17
STM chief executive released from bail, shares resume trading
STM Group chief executive Alan Kentish, has been released from police bail in Gibraltar without charge, while simultaneously STM subsidiaries have come under regulatory scrutiny.
EU pledges action on ‘Paradise’ tax avoiders
Pressure on the EU to act on offshore tax havens increased this morning after MEPs queued up to severely criticise wealthy tax avoiders and their advisers.
China to allow full foreign ownership of insurance companies
In a move to grow its status as a major global finance hub, the Chinese government has announced it will raise foreign ownership limits in insurance companies to 51% in three years’ time, while full foreign ownership will be allowed in five years.
Tax & Regulation | 13 Nov 17
HMRC extends trust filing deadline
The deadline to register new trusts on HM Revenue & Customs’ Trust Registration Service (TRS) has been extended by three months to 5 January 2018.