Industry
PEOPLE MOVES: Liberty, Schroders, Old Mutual Wealth
The chief executive of South African insurer Liberty has departed with immediate effect. Schroders is losing a 14-year fund manager, while Old Mutual Wealth continues to expand its board.
Lombard Int’l unveils joint venture life company in Mexico
Lombard International is to launch a joint venture life company in Mexico in partnership with locally-based wealth management firm Akaan.
Tax & Regulation | 29 May 17
Advisers voice top concerns ahead of UK election day
The Conservative Party’s plans to introduce a so-called ‘dementia tax’ as well as uncertainty surrounding the Finance Bill are the top concerns voiced by UK advisers ahead of the country’s general election on 8 June.
Legal & General and Aviva opting for Ireland post-Brexit
Legal & General will shift some of its business to Dublin once Britain leaves the European Union, while rival insurer Aviva is in the process converting its Irish life and general insurance branches into subsidiaries as the firms prepare for the post-Brexit environment.
JTC adds Isle of Man presence with Merril Lynch acquisition
Jersey-headquartered JTC Group has acquired Merrill Lynch Wealth Management’s International Trust and Wealth Structuring (ITWS) business, which provides the administration of trust services for the firm’s international advisory clients.