Industry
RSA to resume asset sales, targets Middle East and Russian units
UK-based RSA Insurance is reported to be looking to sell its Russian and Middle East divisions as it resumes the disposal process begun by chief executive Stephen Hester in the wake of the surprise decision by Zurich last week to call off its takeover bid.
South African ‘RDR’ is call to arms for industry
Life companies in South Africa could “run into trouble” if they do not start working on changes to their businesses soon, said a senior figure for Old Mutual, ahead of the country’s imminent Retail Distribution Review.
Retirement | 24 Sep 15
Guernsey flexi-drawdown plans impact delisted QROPS
Guernsey States looks set to introduce legislation allowing flexi-drawdown to come into force on 2 October, with implications for the £2bn worth of delisted QROPS on the island.
OMGI unveils absolute return bond fund for Oxley and co
Old Mutual Global Investors has unveiled the Absolute Return Government Bond Fund for new recruit Russ Oxley and team, targeting cash plus 5% per annum.
Tax & Regulation | 24 Sep 15
Treasury to ‘struggle’ if non-dom consultation waylaid
The UK Treasury accidentally alerted the public to a long-awaited consultation paper on the tax treatment of non-domiciles, despite the document not yet being in the public domain.