Chinese government wants stakes in widely-held web giants
China’s regulatory body for internet security is said to be in discussions for ownership stakes in tech giants such as Tencent and social media units under Alibaba, according to industry reports.
South Africa’s Sanlam Life buys Barclays-owned consulting arm
South Africa-headquartered Sanlam Life Insurance has agreed to buy Barclays Bank owned subsidiary Absa Consultants and Actuaries (ACA) for R285m (£16.1m, $21.4m).
Best Practice | 13 Oct 17
Singapore Best Practice Adviser Award winners revealed
The winners in Singapore for International Adviser’s Best Practice Adviser Awards 2017 series were revealed on 12 October at the Marina Mandarin Hotel in Singapore.
Expat pensions at risk admits UK chancellor
UK chancellor Philip Hammond has admitted the government is “alive to the risk” that leaving the EU without a Brexit deal could create “legal uncertainties” for European cross-border pensions and insurance arrangements.
Praxis buys Netherlands trust business
PraxisIFM, the Channel Islands-based trust, funds and corporate services firm, has bought the Netherlands’ Kompas International for an undisclosed sum, adding to an already extensive global footprint.