News
Generali puts $50bn German life book up for sale
Italian insurer Generali has put its $50bn (£38bn, €44bn) closed book German life insurance unit up for sale as part of a worldwide restructure of its European operations, Reuters has reported.
Tax & Regulation | news 14 Jul 17
FCA fines compliance officer for pension transfer failings
The UK watchdog has fined a compliance oversight officer after two companies he worked for gave unsuitable advice to around 500 customers who transferred £12.7m ($16.4m, €13.6m) out of their DB pension schemes.
Tax & Regulation | news 14 Jul 17
HMRC tax clampdown brings £29bn boost to UK government coffers
HM Revenue & Customs’ action on tax avoidance, evasion and organised crime has brought in record additional revenues of £29bn ($37.6bn, €32.9bn) in the past fiscal year, as revealed in its latest annual report.
UBS AM granted private fund license in China
Swiss bank UBS has announced that its Chinese asset management arm has been granted a license to manage money for institutions and wealthy investors onshore in China.
Tax & Regulation | news 13 Jul 17
UK to bring in non-dom reforms ‘as soon as possible’
The UK government has announced it will introduce long-anticipated changes to the rules governing non-UK domiciles “as soon as possible”, after they were postponed earlier this year because of the snap election.