Industry
Novia’s profits skyrocket in 2018
Assets under management were up 5% and new business increased by 3%
UK compensation scheme declares 21 firms in default
Customers could now get back the money they have lost
Hong Kong insurance regulator to licence intermediaries
The Federation of Insurers will give up the function in September 2019
Aegon to sell 50% stake in Japanese life joint venture
It will ‘remain focused and committed to the fast-growing customer segments in Asia’
Bahamas to introduce 90-day minimum residency for tax status
Move followed criticism of the country’s residence-by-investment programme