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EU proposes forum for money laundering

The European Union commissioner for justice and home affairs wants a forum on financial regulations reports the Financial Times.

The former Portuguese defence minister Antonio Vitorino says the forum would aid the fight against organised crime by allowing police to share information on money laundering.

The report says Vitorino will raise the issue of hi-tech money laundering and cross-border organised crime at a meeting of the Group of Eight countries in Moscow on October 19.


Axa Sun Life reports 28 per cent jump in new business

Axa Sun Life has reported a 28 per cent leap in new group business for the first nine months of the year.The life office figures reveal a £94m jump in equivalent premium income to £434.8m from £340.8m over the same period last year.The increase in new business comes on the back of a massive increase […]

IFAs slam L&G over credit scored policy loans

By Adrian CammidgeIFAs have slammed Legal & General over its &#34bizarre&#34 decision to credit score loans made against with-profit endowment policies.The move follows the life office&#39s transferral of the running of policy loans to its banking subsidiary.Policy loans enable policyholders to borrow a percentage of a plan&#39s surrender value. Loans are guaranteed as they are […]

NatWest chief exec ousted

NatWest Bank chief executive Derek Wanless has been ousted from his post as part of a shake up in response to Bank of Scotland hostile £21bn takeover bid according to the BBCHe will be succeeded temporarily by the groups chairman David Rowland with Ron Sandler brought in a chief operating officer and director.Sandler has previously […]

Lambeth Building Society launches fixed rate bond

Lambeth Simply Postal the direct subsidiary of Lambeth Building Society is offering investors a four year bond fixed at 6.5 per cent gross.The bond which matures on June 1, 2003, has a minimum investment of £500 and a maximum of £200,000.On maturity of the bond the funds are not automatically repaid but remain subject to […]

US election

Capital Market Notes, November 2016 David Lafferty, chief market strategist at Natixis Global Asset Management, looks at the impact on markets and portfolios since the somewhat surprising outcome of the US election. Click here


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