United Kingdom
Prudential sells Korean life insurance business to Mirae
Prudential has agreed to sell its life insurance subsidiary in Korea to Mirae Asset Life Insurance for KRW170bn (£119m, $148m, €134m).
Retirement | 10 Nov 16
Long-term care needs expected to drive demand for UK advice
Advisers in the UK are set to be inundated with work planning for long term care needs of savers, a new survey by Just Retirement Partnership suggests.
Tax & Regulation | 9 Nov 16
UK to probe 22 people over Panama Papers tax evasion probe
Twenty-two wealthy individuals in the UK face civil and criminal investigations into suspected tax evasion following the disclosure of the Panama Papers, Britain’s chancellor Philip Hammond has told officials.
L&G creates new trans-Atlantic insurance division
Legal & General has formed a new trans-Atlantic insurance division to tie its UK and US offerings.
Best Practice | 8 Nov 16
Offshore pension off limits in UK divorce ruling
Overseas pensions could be excluded from sharing orders during divorce proceedings after the England & Wales Family Court said that it has no power to make such an order.