Axa
Phoenix squeezes more cash out of Axa deal than expected
Phoenix Group, Britain’s largest closed life fund consolidator, doubled operating profit during the first six months of 2017 as it said the cash earned from the Axa acquisition last year had been generated more rapidly than expected.
Axa Life Singapore ordered to pay $3m over bad reference
Axa Life Insurance Singapore has been ordered by the country’s High Court to pay compensation to a former employee for providing an unflattering reference to the Monetary Authority of Singapore (Mas) and his prospective employer, Prudential Assurance Company Singapore.
Macro Views | 25 Jul 17
Is the IMF’s UK revision a red flag for investors?
The International Monetary Fund’s decision to downgrade the UK’s growth forecast for 2017 was likely a wake-up call for some investors. But is it a signal of more dire times ahead? Or just another year of mediocre growth?
PEOPLE MOVES: Vanguard, Aberdeen, AJ Bell
Vanguard has identified its new chief executive, while Aberdeen Asset Management has appointed a head of Luxembourg and named two heavy-hitting independent non-executive directors to the board of Aberdeen Life. AJ Bell has a new technical director.
PEOPLE MOVES: Old Mutual director runs for Zimbabwe presidency
An Old Mutual director is to run for president of Zimbabwe, while Old Mutual Asset Management and Axa Asia are both losing their chief executives. Deutsche Bank Wealth Management has appointed a former Coutts & Co chief executive to head up its UK business.