Industry
Aviva sells 50% stake of Italian insurance business
Insurer Aviva has announced it will sell its stake in two of its Italian businesses to Italy’s Banco BPM, the country’s third largest lender.
Asia’s wealthy reveal doubts about financial advisers
High net worth individuals in Hong Kong and Singapore are much more aware of the human-related risks associated with wealth advisers compared to their global counterparts, according to a survey conducted by Factset and Scorpio Partnership.
Taiwan warns taxpayers to declare overseas income
Taiwan’s Ministry of Finance has called on taxpayers receiving overseas income to declare it voluntarily in order to avoid facing fines of up to three times the tax evaded.
Canada Life buys annuity provider Retirement Advantage
Canada Life, the UK arm of international financial services group GreatWest Lifeco, has agreed to buy specialist annuity provider Retirement Advantage for an undisclosed sum, the company announced in a statement.
Tax & Regulation | 24 Aug 17
Ten jurisdictions fall under beneficial ownership scrutiny
Australia, Qatar and Canada are among six jurisdictions rated largely compliant but still needing to make improvements in the latest wave of peer reviews by the OECD focusing on availability of beneficial ownership information.