News
AIA pays $2.4bn for Aussie and New Zealand life insurers
The Commonwealth Bank of Australia has sold its life insurance businesses in Australia and New Zealand to AIA Group for A$3bn (£1.8bn, $2.4bn, €2bn).
PEOPLE MOVES: Goldman, StanChart, Manulife
Goldman Sachs and Manulife have both made significant hires in Asia, while Standard Chartered has appointed a fresh private banking Emea head.
Guernsey regulator warns client risk is ‘ignored’ by advisers
The Guernsey Financial Services Commission has warned that investment risk is still incorrectly explained or ignored altogether by financial advisers.
European Wealth CEO departs as losses deepen
The group chief executive of Guernsey-based European Wealth has decided to leave the company a week after announcing he would be taking an indefinite leave of absence and the company reported a loss for the first half of 2017.
Fresh pension freedoms inquiry targets scammers
The influential UK Work and Pensions Committee launched an inquiry on Wednesday focused on the risk of savers being scammed after the introduction of pension freedoms.