Industry
Tax & Regulation | 10 Apr 15
Non-Doms: The New Political Battleground
Some commentators were prompted to say that the election battle began in earnest earlier this week, with Ed Miliband’s announcement Labour will do away with the rules which provide for the remittance basis of taxation in the UK.
Manulife Asia ousts Aviva in 12bn DBS partnership
The Asian arm of Manulife has sealed a $1.2bn deal to sell its insurance products with Singapore bank, DBS, marking the end of the bank’s 14-year partnership with Aviva.
Generali merges Guernsey operations to increase expat focus
Generali International and Generali Worldwide Insurance Company will merge to capitalise on the globally expanding expat market, although the move will see the newly created firm withdraw from around 14 jurisdictions.
RL360° posts 31% growth in new business for 2014
Isle of Man-based life company RL360° has reported a 31% rise in new business for 2014 – its first full calendar year of operation since its management-led buyout.
Tax & Regulation | 9 Apr 15
Tax mistakes in offshore bond withdrawals may be reversible
Savers who inadvertently incur a heavy tax bill by drawing down funds from an offshore bond in a tax inefficient manner may be able to apply to the courts to reverse their decision, according to a recent legal decision.