Industry
Overseas pensions to be struck off if not locally regulated
The UK is to require overseas pensions to be regulated in the country where they are established in order to be ‘recognised’ by HM Revenue & Customs (HMRC), as it pushes ahead with plans to scrap the 70% ‘income for life’ rule.
PEOPLE MOVES: Amundi, Moneyfarm, Deutsche Bank
Amundi has bolstered its multi-asset leadership, with Moneyfarm banking on industry experience in its CIO and CFO appointments. Deutsche Bank, meanwhile, is looking to innovate with two senior hires.
Neuberger Berman planning double multi asset-launch
Investment manager Neuberger Berman has announced it will launch two new multi-asset Ucits funds in the coming weeks.
Best Practice | 5 Dec 16
UK gov’t moves to tackle rising threat of pension scams
Nearly two years after the UK pension freedoms were introduced, the British government believes the current massive scale of scamming activity surrounding the industry warrants new laws to limit the rights of savers to transfer money out of existing schemes for their own protection.
Prudential may divide UK and Asia units amid reported review
Prudential has kicked off a review of its £45bn ($57.2bn, €53.6bn) pension liabilities business in a move that could see the break up of its UK, US and Asian operations.