International tax crack down aids Swiss Life profits

18th August 2010, Comments 0 comments

One of Switzerlands leading life assurance providers reports an 90 percent profit increase in half-year results, boosted by international efforts to prevent banks protecting tax-avoiding clients. Swiss Life tax-friendly products are increasingly attractive to investors premium in-take grows 20 percent in the first half of 2010. However, a positive business outlook is tempered by concerns over ongoing low interest rates.

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