Industry
Europe’s insurers face business model shake up
European insurers are unlikely to be able to generate sufficient investment returns in future to meet the guaranteed rates offered on many of their regular savings products, according to a new survey by Standard Life Investments.
People Moves | 14 Dec 15
Clay steps up as Harries leaves Newton
James Harries, lead manager on Newton Investment Management’s UK-domiciled Global Income Fund, has left to pursue a new opportunity, the firm confirmed on Monday.
People Moves | 14 Dec 15
Zurich promotes Shaughnessy to head of Global Life
Gary Shaughnessy, chief executive of Zurich UK Life, has been named chief executive of Zurich’s Global Life business and appointed to the group’s executive committee.
Tax & Regulation | 14 Dec 15
HMRC targeting HSBC Jersey clients for voluntary disclosure
HM Revenue & Customs said it has sent letters to customers of HSBC Jersey advising them to sign a declaration that they do not owe any UK tax on their offshore assets, placing some customers between the proverbial rock and the hard place.
Life trends: IWI crossing borders
Luc Rasschaert, chief executive of IWI, and Mike Foxall, its UK representative, explain why, having achieved a solid footing in continental Europe, the firm chose to launch its wealth management funds in the UK.