United Kingdom
United Kingdom | 14 Sep 15
UK investor visa applications slide by 82%
The number of individuals applying for a UK investor visa plummeted by around 82% in the second quarter of 2015 compared to the same period last year, Home Office figures reveal.
United Kingdom | 14 Sep 15
FSCS: Advisers liable for losses linked to Arck investments
The UK’s lifeboat scheme has ruled that failed financial advisers who gave bad advice to invest in property investment scheme Arck LLP are liable for losses.
Aegon looks to sell its UK annuity business
Dutch insurance giant Aegon is looking to sell its annuity business in the UK, following on from a move by the French insurer Axa to offload its British business, as international insurers react to the changing regulatory environment.
New IA working group to investigate fund manager pay
The Investment Association, which represents the UK’s £5.5trn investment management sector, is to examine executive pay across the industry in a bid to simplify what it acknowledges are complex structures.
RSA to sell Latin American arm for £403m
UK-headquartered RSA Insurance Group is to trade-in its businesses in Latin America for £403m as the firm continues the sell-off of its non-core operations.