Industry
Best Practice | 23 Sep 16
Two-thirds taking cash from pensions did not seek advice
Two-thirds of recent UK retirees who took cash from their pension pots during their first year of retirement did so without seeking any professional advice.
Australia’s Westpac to remove sales incentives for staff
One of Australia’s big four banks, Westpac Banking Corp, has announced plans to remove all product related incentives from frontline staff in its retail branches as part of efforts to rebuild trust with its customers.
Aegon sells Ukraine life business, exits market
Aegon has agreed to sell its Ukrainian life business to local insurance firm TAS Group, a move that will see the Dutch insurer exit the market after less than four years.
Morocco’s Saham Finances buys Mauritian insurer Sun Insurance
Moroccan insurer Saham Finances has bought Mauritian insurer Sun Insurance for an undisclosed sum, the company has confirmed.
Tax & Regulation | 22 Sep 16
Bahamas files leak exposes former EU official’s links to offshore firms
A new cache of 1.3 million documents from the Bahamas has exposed the use of offshore shell companies by the former EU competition commissioner Neelie Kroes and UK politician Amber Rudd.