News
Liquidators label collapsed Louis Group ‘worthless’
Liquidators for collapsed Isle of Man-based property investment firm Louis Group have said that, following legal advice, they will not pursue claims against Louis Group IoM’s insurers, its parent company in South Africa or founder Alan Louis, reports local newspaper IOM Today.
First Trust launches actively managed global currencies ETF
ETF provider First Trust Global Portfolios (FTGP) has launched what it describes as the first actively managed ETF in Europe focused on investing in global foreign exchange markets.
China gov’t tells Anbang Insurance to sell overseas assets
Chinese authorities have reportedly asked Anbang Insurance Group to sell its overseas assets, which include life insurers in the Netherlands, South Korea, and the United States, as the country’s insurance regulator prepares to ramp up its supervision of the sector.
India’s Reliance Nippon Life eyes M&A for distribution push
Indian life company Reliance Nippon Life Insurance is looking to expand its distribution network through a series of takeovers of bank-owned life insurers, a top company official told analysts.
South African regulator bans adviser exam cheats
South Africa’s Financial Services Board (FSB) has taken action against a large number of individuals who cheated or facilitated cheating on exams to become qualified financial planners.