Industry
MetLife shuts UK wealth management arm to new business
MetLife UK is closing its range of third-way “wealth management” retirement products to new business citing the ongoing low interest rate environment.
Gibraltar insurer with five branches closes to new business
Gibraltar-headquartered Elite Insurance has stopped writing new business across all its offices “with immediate effect”.
People Moves | 7 Jul 17
PEOPLE MOVES: Jersey Finance, Quilter Cheviot, HSBC, UBS
Jersey Finance appoints a former IMF economist as its new chairman while Quilter Cheviot’s Jersey office makes a notable investment hire. HSBC names a new investment strategist on Asia as UBS promotes its head of Asia-Pacific.
Tax & Regulation | 6 Jul 17
Ex-adviser jailed for stealing thousands to pay off mortgage
A former director of a company that provided financial advice to the Law Society of Northern Ireland has been jailed for six months for stealing thousands.
Best Practice | 6 Jul 17
HMRC doubles tax evasion requests to overseas governments
HM Revenue and Customs has almost doubled its requests to governments elsewhere in the world for help in suspected tax evasion cases over a five-year period, according to figures obtained by law firm Pinsent Masons.