Industry
Aviva buys Royal Bank of Canada insurance business
UK insurer Aviva has strengthened its market position in the Canadian market with the acquisition of the Royal Bank of Canada (RBC) General Insurance Company.
Tax & Regulation | 4 Jul 16
Is post-Brexit Britain the next tax haven?
The OECD’s head of tax has warned that the UK could be even more aggressive in its post-Brexit tax offering, as chancellor George Osborne announces plans for further cuts to corporation tax.
Samoa’s PM defends island’s role as offshore tax haven
The prime minister of Samoa, Tuilaepa Aiono Sailele Malielegaoi, has defended his country’s role as an offshore tax haven, claiming the ravages of climate change have left the Pacific island nation increasingly reliant on the revenue it brings.
Tax & Regulation | 1 Jul 16
AJ Bell lays the odds for UK post-Brexit reforms
With UK chancellor George Osborne having abandoned his plans to generate a budget surplus by 2020 following Brexit, AJ Bell senior analyst Tom Selby gives his odds on whether HM Treasury will adopt any of the six radical money saving options available to them and if the Pensions Bill will be delayed.
Retirement | 1 Jul 16
OMW slashes exit fee cap to 1% ahead of FCA reforms
Old Mutual Wealth is cutting exit fees to 1% from 5% for all customers aged 55 or over ahead of the UK regulator’s proposals to adopt a similar regime.