Industry
BlackRock, Nomura, Avanda get new China RQFII quotas
Blackrock, Nomura AM and Avanda IM have all received new RQFII quotas for investing in China after the scheme was expanded by RMB21.2bn ($3.22bn, £2.24bn) in April, according to the latest data from State Administration of Foreign Exchange.
Hansard upgrades Vantage Platinum savings product
Hansard International said it had enhanced its regular savings proposition with the launch of Vantage Platinum II, which will offer reduced minimum entry levels and improved maturity values.
People Moves | 31 May 16
PEOPLE MOVES: Amundi, Pictet, Axa, FCA, ABI, UBS, BNY Mellon
Amundi announces a high-profile global advisory board, while Pictet names ex-Goldman Sachs director Dominique Joories to head its Singaporean banking unit. Axa reveals Jean-Laurent Granier, the chief executive of the group’s Mediterranean and Latam divisions, will step down next month while prominent figures from the UK’s insurance industry join trade body ABI.
Tax & Regulation | 31 May 16
HMRC issues U-turn on hundreds of APNs after judicial review
HM Revenue & Customs (HMRC) has withdrawn hundreds of accelerated payment notices (APNs) it issued to taxpayers after a court found it had no right to pursue individuals under the employee benefit trust (EBT) arrangements.
Zurich’s former boss Martin Senn commits suicide
Martin Senn, the former chief executive of Zurich Insurance Group who only stepped down in December, has killed himself, the company said.