Industry
M&G shifts four UK funds to Luxembourg over Brexit fears
UK asset manager M&G Investments is transferring four domestic open-ended funds to its Luxembourg platform over fear and uncertainty surrounding the UK’s exit from the European Union.
Schroders launches US focused wealth management company
Schroders has set up a new company as part of its wealth management division called Schroder Wealth US that will sit alongside its existing UK subsidiary, Cazenove Capital.
Offshore Bonds | 26 Jun 17
Old Mutual unveils offshore bond for UK market
Life insurer Old Mutual International has launched a new offshore bond in the UK aimed at savers caught out by cuts to the pension allowances.
Hong Kong’s Insurance Authority goes live
Hong Kong’s newest regulator, the Insurance Authority, was officially launched on Monday, replacing the Office of the Commissioner of Insurance (OCI) which was disbanded on the same day.
Messi to swap prison sentence for €255k fine in tax fraud case
Football star Lionel Messi could see his 21-month prison sentence for tax fraud replaced with a €255,000 (£224,313, $285,381) fine, Spanish prosecutors have said.