Europe
Aviva sells 50% stake of Italian insurance business
Insurer Aviva has announced it will sell its stake in two of its Italian businesses to Italy’s Banco BPM, the country’s third largest lender.
Analysis: Why do UK advisers have to follow EU rules?
Portfolio advisers are increasingly asking themselves why they are having to deal with so much regulatory change emanating from the EU, given the fast approaching deadline for Brexit in March 2019.
Crocodile Dundee fraudster’s Italian trial collapses
The Italian trial of a Jerseyman at the centre of Australia’s biggest ever tax evasion scandal that ensnared Crocodile Dundee star Paul Hogan has collapsed.
Unigestion joins MFEX platform to target intermediaries
Boutique asset manager Unigestion has “significantly expanded” its fund distribution network by joining the MFEX platform, which offers 50,000 funds to investors in 30 countries.
Swiss wealth manager pays $5m to settle US tax charges
Geneva-based investment management and consulting company Prime Partners has agreed to pay $5m (£3.9m, €4.2m) to the United States Attorney’s Office to settle charges for helping US taxpayers dodge taxes.