News
Best Practice | news 10 May 18
Australia moves to stop erosion of superannuation funds
The Australian Government has unveiled plans to ban exit fees and cap administration and investment fees to protect super accounts with low balances from excessive erosion.
Lindsell Train staff pay averages £1m
Lindsell Train fee revenue has jumped, according to its latest financial statements, with performance fees almost tripling on the back of strong performance and inflows.
Scottish Widows ‘surprised’ by Standard Life Aberdeen challenge
Scottish Widows says Standard Life Aberdeen is a clear and material competitor and it, therefore, has the legal right to terminate its investment management agreement with the firm.
STM skilled person report delayed until end of May
A report that could exonerate STM Group subsidiaries of suspected compliance failings has been delayed until the end of the month.
Latin America drags on Zurich Q1 life results
Asia Pacific was the only Zurich region to report a rise in new business value (NBV) during Q1, while Latin America was the outlier in an otherwise positive set of annual premium equivalent (APE) results.