Industry
Tax & Regulation | 7 May 15
Non-doms move toward mortgages for UK property funding
Non-UK resident individuals are increasingly seeking mortgage finance to fund their UK residential property purchases due to the introduction of the Annual Tax on Enveloped Dwellings (‘ATED’) and the advanced rate of stamp duty land tax for property purchased via certain ‘non-natural persons’, says law firm Edwin Coe.
North America | 7 May 15
Vanguard launches ‘robo-advice’ service in US
Pennsylvania-headquartered Vanguard has rolled out a ‘robo-advice’ service for clients in the United States.
RL360° to purchase Clerical Medical Int’l
Isle of Man-headquartered, RL360° Group, is to buy the international life arm of Lloyds Banking Group, Clerical Medical International Insurance Company (CMI).
Investment | 7 May 15
Axa Wealth Int’l posts Q1 growth amid ‘challenging’ market
Axa Wealth International has seen funds under management grow by nearly £0.5bn throughout the first quarter of 2015, as the wider Axa Wealth group records across-the-board growth.
Old Mutual Int’l appoints Steve Hickman as Singapore head
Old Mutual International has promoted Steve Hickman to head of region and chief executive in Singapore and South East Asia to replace Craig Ellis, who resigned in March.