Axa
Phoenix cashes in £117m from Axa purchase
Closed book provider Phoenix has said integrating the recently-bought pensions and protection businesses from Axa has generated more than £117m (€135m, $143m) in cash.
PEOPLE MOVES: Aegon, First Names Group, Amundi
The chief executive of Aegon Central & Eastern Europe is to retire in 2017, with the Dutch insurer announcing additional senior leadership changes. First Names Group has a new managing director of its Singapore business, while Amundi has appointed a deputy director to oversee the merger with Pioneer Investments.
Axa launches global parental leave policy
Insurance giant Axa is to introduce a global parental leave policy for its 166,000 employees across 64 countries.
Nine insurers identified as globally systemically important
The Financial Stability Board has named Aegon, Aviva, and Axa among nine global insurance firms identified as systemically important financial institutions (SIFI).
Standard Life confirms Elevate staying a standalone platform
Standard Life has confirmed that Elevate will continue as a distinct platform after months of speculation that it could be combined with the investment firm’s Wrap proposition.