Industry
North America | 26 Jan 17
SEC charges US adviser in $1.3m ‘cherry picking’ scheme
The US Securities and Exchange Commission has charged an adviser with placing trades through a master brokerage account and allocating profitable trades to himself while passing unprofitable trades on to client.
Tax & Regulation | 26 Jan 17
HMRC loss in IHT case unlikely to change pension transfer rule
A court ruling against HM Revenue & Customs on a case about inheritance tax (IHT) is unlikely to change the current two-year exemption rule on pension transfers, said Rachael Griffin, financial planning expert at Old Mutual Wealth.
Hansard shows Q2 double digit growth driven by LatAm and MEA
Hansard Global’s Middle East and Africa business continued to drive growth in the second half of 2016, which was also boosted by Latin American and regular premiums.
Aviva to sell 60% of Hong Kong life business in digital venture
British insurance giant Aviva has agreed to sell two thirds of its Hong Kong life business to Chinese tech firm Tencent and private equity firm Hillhouse Capital in a deal that will see the unit transform into a digital insurer.
Generali terminates general manager and group CFO’s contract
Italian insurer Generali has reached an agreement with general manager and group chief financial officer, Alberto Minali, to terminate his employment contract, effective from 31 January.