Industry
Collapsed Australian investment firm bosses fined over A$600m
Five former executives connected to collapsed Australian finance group MFS have been ordered to pay more than A$600m (£350m, $450m, €400m) in compensation to investors by the Supreme Court in the state of Queensland.
Cristiano Ronaldo faces possible tax fraud charges
Real Madrid star Cristiano Ronaldo is facing possible tax fraud charges in Spain, days after fellow football legend and Spanish club rival Lionel Messi had his 21-month jail term for similar charges upheld.
PEOPLE MOVES: Manulife, Aegon, Legal & General
Manulife’s president and chief executive is to retire, while Aegon has appointed a policy affairs heavy hitter to oversee the company’s government relations in Europe, the Americas and Asia. L&G has a new head of strategic business for its pension risk transfer division.
Sharp fall in premiums bite Japan’s ‘top four’ life insurers
Japan’s four largest life insurers have reported a 16% decline in combined domestic premium income in the fiscal year ending 31 March 2017.
Best Practice | 26 May 17
Commission still makes up 25% of revenue for UK IFAs
Financial advisers in the UK still earn a quarter of their income from commission, according to latest figures from the Financial Conduct Authority (FCA).