News
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.
MitonOptimal acquires Jersey wealth manager
Guernsey-headquartered asset management group MitonOptimal now has a presence in all three UK crown dependencies with the acquisition of Orchard Wealth Management.
EU regulation overload hindering industry
The glut of hefty EU regulations introduced this year do not always complement each other, complains the Association of the Luxembourg Fund Industry (Alfi) chair Denise Voss.
Singapore clamps down on adviser recruitment incentives
In an attempt to curb mis-selling and adviser mass-migration, guidelines on the use of sign-on incentives in the recruitment of financial advisers have been rolled out by the Life Insurance Association of Singapore (LIA).
Prudential offloads £12bn annuity book as it carves out M&G
Prudential is selling £12bn ($16.7bn, €13.5bn) of its UK annuity portfolio in a landmark deal to Rothesay Life, as part of a major revamp that will see its UK and Europe business, M&G Prudential, become a separately-listed company.