Europe
Expat pensions on the ‘cliff edge’
The chair of the UK Treasury select committee has called on the chancellor to provide clarity on expat pensions in the event of a “cliff edge Brexit”.
German passports rule, OK
German nationality is the most desirable and the highly ranked UK is about to dramatically slump according to the Henley & Partners – Kochenov Quality of Nationality Index (QNI).
Generali sells Dutch business to local insurer for €143m
Italian insurer Generali has agreed to sell its Dutch operation to the former Fortis insurance arm ASR Nederland for €143m (£129m, $171m).
Radical shakeup of Swiss private banks needed
Swiss private banks are failing to address rapidly declining profitability and are too focused on defensive measures to implement a radical transformation that will allow them to generate competitive advantage and sustainable growth, says KPMG.
When did a 2% dip become a market correction?
Pictet AM’s chief strategist Luca Paolini tried to redefine the concept of a market correction this week, urging investors to take advantage of a 2% fall in asset prices to “rebuild positions in riskier assets”.