Aussie watchdog reports 300% jump in misconduct compensation

Aussie watchdog reports 300% jump in misconduct...Lock icon

Client compensations for misconduct in the Australian financial services industry nearly tripled to A$618.8m (£381.2m, $490m, €416.2m) in the first half of the year, figures contained in the Australian Securities and Investments Commission (Asic) biannual enforcement report show.

Published : 22, Aug 2017
Deutsche AM defends listed infrastructure investment

Deutsche AM defends listed infrastructure investment...

Following academic criticism that listed infrastructure investments don’t deliver infrastructure-like returns, Deutsche Asset Management’s head of liquid real assets for Asia & Europe has come to the asset class's defence.

Published : 22, Aug 2017
European Wealth revamps fund to attract clients in Far East

European Wealth revamps fund to attract clients...

European Wealth has unveiled a new name and investment policy for its global opportunities fund in a push to attract new business in the Far East.

Published : 21, Aug 2017
In most sectors, indices beat active funds over a decade

In most sectors, indices beat active funds over...

Do active funds on average beat the performance of a relevant index over the very long term? Our sister publication Fund Selector Asia found that one sector stands alone.

Published : 21, Aug 2017
Vietnam rolling out welcome mat for int'l life companies

Vietnam rolling out welcome mat for int'l life...

The Vietnamese Government is planning to make it easier for international life insurance companies to operate in the local market, deputy prime minister Dinh Hue Vuong has said.

Published : 21, Aug 2017
MassMutual Asia sold to investor group for $1bn

MassMutual Asia sold to investor group for $1bn...Lock icon

A finance firm set up by Alibaba founder Jack Ma has led the acquisition of Hong Kong-based MassMutual Asia by a group of regionally based investors.

Published : 18, Aug 2017
Aussie adviser banned and convicted of 97 counts of fraud

Aussie adviser banned and convicted of 97 counts...

The Australian Securities and Investments Commission (Asic) has permanently banned a former adviser who was found guilty of 97 counts of fraud and 10 counts of stealing and sentenced to six and a half years’ imprisonment.

Published : 18, Aug 2017
Could today's India outshine yesterday's China?

Could today's India outshine yesterday's China?...

Though it might be tempting to view today’s India as yesterday’s China, Rathbones’ head of asset allocation Ed Smith thinks the region's growth prospects could be even greater based on five key indicators.

Published : 17, Aug 2017
IMF warns of 'dangerous' trajectory for Chinese debt

IMF warns of 'dangerous' trajectory for Chinese...

China’s growth outlook is expected to improve between 2017 and 2021, but the country’s rising debt level skews the figures and raises strong concerns, according to the International Monetary Fund.

Published : 17, Aug 2017
Axa Life Singapore ordered to pay $3m over bad reference

Axa Life Singapore ordered to pay $3m over bad...Lock icon

Axa Life Insurance Singapore has been ordered by the country’s High Court to pay compensation to a former employee for providing an unflattering reference to the Monetary Authority of Singapore (Mas) and his prospective employer, Prudential Assurance Company Singapore.

Published : 16, Aug 2017
New Hong Kong wealth firm led by ex-UHNW exec

New Hong Kong wealth firm led by ex-UHNW exec

A former UBS director of ultra-high net worth (UHNW) assets is part of a team behind the newly-established DC Wealth Management (HK).

Published : 16, Aug 2017
Singaporeans are top financial adviser users

Singaporeans are top financial adviser users

Singapore is the country with the highest proportion of investors seeking the help of financial advisers to manage their assets, according to a survey by global investment firm Legg Mason.

Published : 14, Aug 2017
Malaysia joins fintech race

Malaysia joins fintech race

A fintech accelerator programme, Super Charger, has teamed up with Standard Chartered Bank and Allianz to help foster and develop Malaysia's fintech market.

Published : 14, Aug 2017
Singapore warns investors on virtual currency investments

Singapore warns investors on virtual currency...

As virtual currencies grow in value, investors have been warned about the risks of virtual currency-related investment schemes by Singapore’s Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (Mas).

Published : 11, Aug 2017
Investors rush to gold following rising North Korea tensions

Investors rush to gold following rising North...

The stand-off between US president Donald Trump and North Korea has led to a spike in gold and silver prices, with financial markets adopting a safety first attitude in the immediate aftermath of escalating tensions.

Published : 9, Aug 2017
Australia’s biggest bank flags sale of life insurance business

Australia’s biggest bank flags sale of life insurance...

The Commonwealth Bank of Australia (CBA) is in talks to sell its life insurance business, the bank has revealed as it reported a 4.6% rise in annual cash earnings to AUD9.88bn (£6bn, $7.8bn, €6.64bn) and raised its dividend.

Published : 9, Aug 2017
Around half of global candidates pass CFA June exam

Around half of global candidates pass CFA June...

The number of mainland Chinese candidates sitting the Chartered Financial Analyst (CFA) exams once again exceeded those in the US, with 152,000 people sitting the exams globally.

Published : 9, Aug 2017
Pakistan’s private pension funds assets up 32%

Pakistan’s private pension funds assets up 32%...

Pakistan’s private pension fund industry grew over 32% in the fiscal year ending in June 2017, with total assets under management rising to PKR25bn (£180.8m, $234.4m, €199.6m), data released by the Securities and Exchange Commission of Pakistan (SECP) shows.

Published : 9, Aug 2017
Hong Kong domiciled funds growth outpaces Singapore

Hong Kong domiciled funds growth outpaces Singapore...

Chinese equity mutual funds boost the size of the Hong Kong-domiciled mutual fund landscape, helping it push ahead of rival Singapore.

Published : 8, Aug 2017
Singapore’s life insurance business up 10% in first half 2017

Singapore’s life insurance business up 10% in...

The life insurance industry in Singapore has reported a growth in sales across both single and annual premium products in the first six months of the year, with premiums collected on new policies jumping 10% to S$1.68bn (£944m, $1.2bn, €1bn) compared to 2016.

Published : 7, Aug 2017

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Blacklisted tax havens could face four types of sanctions
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The European Commission is understood to be looking...

New Hong Kong wealth firm led by ex-UHNW exec
New Hong Kong wealth...

A former UBS director of ultra-high net worth (UHNW)...

Axa Life Singapore ordered to pay $3m over bad reference
Axa Life Singapore ordered...Lock icon

Axa Life Insurance Singapore has been ordered by the...

Ex-IFA jailed for stealing £1m from client pension funds
Ex-IFA jailed for stealing...Lock icon

A former UK adviser has been jailed for six years and...

UK to limit right to transfer pensions but will include Qrops
UK to limit right to...Lock icon

As part of its crackdown on pension scams, HM Treasury...

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