United Kingdom
Best Practice | 15 Mar 18
Is it the end for the traditional life insurance model?
Phoenix Group’s acquisition of Standard Life’s insurance arm is “testament to the current re-shaping of the UK life insurance industry” and the “break-up of traditional models”, the group’s chairman said.
Outgoing FCA chair warns on cryptocurrency and Brexit
John Griffiths-Jones used his last speech as chairman of the Financial Conduct Authority to warn over the dangers of cryptocurrencies, outline the regulator’s role in Brexit and criticise the financial legal system.
Old Mutual Wealth ready to list as profit soars 40%
Old Mutual Wealth is now ready to list as Quilter, with its annual results showing the company’s pre-tax profits rose by 40% in 2017, driven by “unusually high” performance fees.
Panama Papers take down law firm Mossack Fonseca
The law firm at the centre of the Panama Papers scandal, which saw millions of its private client files leaked to the media, has announced it is closing.
JTC lists on London Stock Exchange
A week after it announced plans to undertake an initial public offering, Jersey-headquartered JTC raised £243.8m ($340m, €275m) from institutional investors and was admitted to the LSE on Wednesday.