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Funds

Twenty arrested in Hong Kong over false document pension withdrawals amid row over UK passport

An evening view of the financial central district of Hong Kong, China October 3, 2023. REUTERS/Tyrone Siu/File Photo Acquire Licensing RightsHONG KONG, Oct 13 (Reuters) - Hong Kong’s anti-corruption agency said on Friday 20 people had been arrested suspected of taking bribes to help people apply for early withdrawal of government pension funds with false documents, amid a row over new passports offered by Britain.Hong Kong pension funds have been in the spotlight since the emigration of more than 140,000 Hong Kong people to Britain after 2020 when China imposed...
Finance

Aviva weighs bid for RSA’s UK consumer unit -sources

A sign of RSA insurance company is pictured outside its office in London in this December 13, 2013. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Oct 6 (Reuters) - Aviva Plc (AV.L) is among a small handful of insurers exploring bids for the UK consumer operations of rival RSA, two people familiar with the matter told Reuters.RSA's owner, Intact Financial Corp (IFC.TO), said last month it was reviewing strategic options for RSA's personal lines business, which includes home and pet insurance, to focus on commercial insurance.Suitors have been asked to submit...
Banking

European shares snap 4-day losing streak, insurers lag as NN Group falls

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 25, 2023. REUTERS/Staff Acquire Licensing RightsNN Group shares fall after unfavourable court rulingH&M shares rise as Q3 beat dwarfs weak September salesItalian-German risk premium at highest since May ahead of Italian budgetSTOXX 600 up 0.4%Sept 27 (Reuters) - European shares rose on Wednesday after four straight sessions of losses, while insurance stocks capped the gains as Netherlands' largest insurer NN Group fell after an unfavourable court ruling.The pan-European STOXX 600 index (.STOXX) added...
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