Industry
US in the news: Private equity group buys wealth firm
A round up of the latest people moves and M&A deals in North America
Two American advisers imprisoned for running Ponzi schemes
Collectively they managed to steal $31.5m from investors
Brexit halts Canada Life annuity offering to expats in the EU
Firm admitted it is ‘unaware of any other providers able to offer annuities to non-residents’
Only 48% of IFAs would recommend it as a career
But Openwork sees the number as positive and a ‘testament’ to the sector
PEOPLE MOVES: Zurich, Openwork, Intelliflo
Swiss insurance giant bolsters its Middle East operation, as IFA network makes double hire