Regions
Alternatives | 8 Jun 16
Ireland’s Icav attracts €8.4bn in first 12 months
A year after it was launched, the Irish Collective Asset Management Vehicle (Icav) has registered 157 new funds and recorded inflows of €8.4bn (£6.6bn, $9.5bn).
Retirement | 8 Jun 16
Brit buries £850k inheritance, Royal Mint open to pensions
The UK’s Royal Mint has opened its doors for the first time to savers looking to buy gold bars as part of their pension plan, though one brokerage firm has revealed that a British pensioner preferred to bury £850,000 ($1.2m, €1.09m) worth of gold in his back garden.
Australian regulator moves to enforce ‘client first’ rule
The Australian corporate regulator has decided to prosecute a financial advisory business for alleged breaches of a new law which requires firms to ensure their advisers put the interests of clients first.
Great Eastern sells Vietnam business to FWD Group
FWD Group, the insurance arm of Asia-based Pacific Century Group, has secured regulatory approval to buy Great Eastern Life’s Vietnamese business for S$48.2bn (£24.5bn, $35.6bn, €32.3bn).
Lombard International Assurance opens office in Paris
Lombard International Assurance has opened a representative office in Paris as part of its ongoing plans to further develop its cross-border presence in multiple markets around the world.