Industry
Best Practice | 4 Apr 16
Advisers must ‘upskill’ for ME retirement liability issue
The majority of employers in the Middle East do not set aside specific assets to cover their end of service benefit (EOSB) liabilities, according to a survey by Zurich Global Life’s Middle East and Africa division.
Tilney Bestinvest acquires Towry for £600m
Tilney Bestinvest has agreed to acquire Towry from private equity parent Palamon Capital Partners for £600m ($853.4m, €748.8m).
Bangkok-based MBMG co-founder Graham Macdonald to retire
MBMG Group co-founder and managing director, Graham Macdonald, has confirmed that he will retire from his post in Thailand at the end of May.
Retirement | 1 Apr 16
‘Market always sets the price’ on Qrops fees
Isle of Man-based pensions provider Boal & Co’s recent lowering of its Qrops fees is not indicative of an industry-wide shift that would see the cost of Qrops fall.
Allianz to sell €4.5bn cache of Italian life policies
Insurance giant Allianz is looking to sell a portfolio of life insurance policies in Italy worth €4.5bn ($5.09bn, £3.6bn) as it struggles to cope with rock-bottom interest rates, Reuters has reported.