Industry
Tax & Regulation | 15 Nov 16
Majority of wealthy UK savers unaware of IHT changes
Around 75% of wealthy are unaware of the new ‘residence nil rate band’ inheritance tax allowance (IHT), due to be introduced in April next year, according to research by Canada Life.
Hong Kong IFA firm buys stake in Nutmeg for £24m
Convoy, one of the largest IFA firms in Hong Kong, has paid £24m ($30.2m, €27.8m) for a stake in UK investment platform Nutmeg, in a move praised by UK chancellor Philip Hammond.
Health & Protection | 14 Nov 16
Aviva overhauls protection range following Friends Life buyout
Aviva has overhauled the protection products it offers the UK adviser market by merging them with Friends Life policies under one umbrella.
Two acquisitions for Guernsey’s MJ Hudson
Specialist law and asset management services firm, MJ Hudson, has acquired investment advisory firm Allenbridge and outsourced fund management provider Tower Gate Capital.
OMI to close regular savings plans in three key regions
Old Mutual International has moved to reflect the changing trend towards more flexible products in the offshore market by closing two of its contractual savings plans in three key regions.