Australian regulator ends legal case against two LM directors

Australian regulator ends legal case against two...

The Australian corporate regulator has abandoned a civil penalty action against two former directors of the collapsed Queensland-based fund manager LM Investment Management (LMIM).

Published : 26, Sep 2016
Zurich buys Macquarie Life’s risk business

Zurich buys Macquarie Life’s risk business

The Federal Court of Australia has approved the transfer of Macquarie Life’s risk insurance portfolio to Zurich Australia, a move that will see the Swiss firm become Australia’s fourth biggest retail insurer in the IFA segment.

Published : 26, Sep 2016
Australian stockbroker took financial ‘advice’ from psychic

Australian stockbroker took financial ‘advice’...

The head of a failed Australian stockbroking firm, which collapsed owing investors A$61m (£36m, $47m, €42m), took financial advice from a psychic who claimed she could 'manipulate electromagnetic energy' to get “better outcomes” for the company.

Published : 23, Sep 2016
Australia's Westpac to remove sales incentives for staff

Australia's Westpac to remove sales incentives...

One of Australia's big four banks, Westpac Banking Corp, has announced plans to remove all product related incentives from frontline staff in its retail branches as part of efforts to rebuild trust with its customers.

Published : 23, Sep 2016
Bank of Japan’s new weapon in inflation fight gets mixed reception

Bank of Japan’s new weapon in inflation fight...

With news overnight that the Bank of Japan has unveiled a new form of stimulus, professional investors and economists reacted with mixed enthusiasm.

Published : 21, Sep 2016
Hong Kong adviser aims to triple client base within a year

Hong Kong adviser aims to triple client base within...

Chief executive Phil Neilson talks about starting Just Service HK from scratch, the future of fintech and ambitions to triple his client base from 500 to 1,500 over the next 12 months.

Published : 21, Sep 2016
Singapore reports low sales of commission-free life policies

Singapore reports low sales of commission-free...

The number of people buying life insurance policies without commissions or financial advice in Singapore has been low since the product’s launch in April last year.

Published : 21, Sep 2016
Crossbridge Capital to unveil platform for HNWI in Singapore

Crossbridge Capital to unveil platform for HNWI...

Wealth management firm Crossbridge Capital is to target Singapore’s “underserved” US expatriate market with the launch of the country’s first digital advisory platform for accredited investors, with at least $2m (£1.5m, €1.8m) in net personal assets.

Published : 20, Sep 2016
Indonesia assures expats using amnesty over tax evasion threat

Indonesia assures expats using amnesty over tax...

Indonesia’s government has reassured participants of its tax amnesty programme that they will not be prosecuted for tax evasion after it emerged last week that private banks in Singapore are sharing with police the details of wealthy clients using the programme.

Published : 19, Sep 2016
Managers find yield in Asia dividends

Managers find yield in Asia dividends

There are still opportunities to earn healthy dividends without sacrificing capital, argue Asian fund managers.

Published : 19, Sep 2016
Harvest Global set for worldwide push with new hire

Harvest Global set for worldwide push with new...

Harvest Global Investments (HGI), part of Chinese giant Harvest Fund Management, plans to expand its operations in Europe and worldwide through the appointment Ashley Dale as its chief business development officer and chief marketing officer.

Published : 19, Sep 2016
Australia scraps A$500k lifetime superannuation cap

Australia scraps A$500k lifetime superannuation...

The Australian government has scrapped plans to introduce a controversial A$500,000 (£286,598, $383,675, €341,174) lifetime cap curbing the amount people can save into their pensions.

Published : 15, Sep 2016
UK-based LJ Partnership acquires HK advice firm Guggenheim

UK-based LJ Partnership acquires HK advice firm...

Global investment management business LJ Partnership has acquired Guggenheim Investment Advisors (Hong Kong) from Guggenheim Partners, having already bought the firm’s advisory businesses in Geneva and Miami.

Published : 15, Sep 2016
Hong Kong insurance opportunities lie in ‘muddy waters’

Hong Kong insurance opportunities lie in ‘muddy...

Domestic insurance firms in Hong Kong are taking the lion’s share of the Asian cross-border market as they are more willing to operate in muddy waters, says NMG Consulting principal consultant, Edmund Campbell, speaking at International Adviser’s Fund Links conference in London on Wednesday.

Published : 14, Sep 2016
Is 50/50 the right management fee split?

Is 50/50 the right management fee split?

Asset managers and distributors in Asia used to split the annual management charge, but over the last couple years the distribution side has been getting more than half. What is a fair split?

Published : 14, Sep 2016
 Taiwan’s tech disruption offers long-term opportunity, says Hermes

Taiwan’s tech disruption offers long-term opportunity,...

From semiconductor manufacturer TSMC to companies specialising in advanced driver assistance systems (Adas) in automobiles, Taiwan is home to a number of disruptive innovators that investors would be wise to take notice of, according to Hermes senior investment analyst Kunjal Gala.

Published : 13, Sep 2016
Plans for a Chinese ‘super regulator’ relaxed

Plans for a Chinese ‘super regulator’ relaxed

Plans to amalgamate China’s three financial services watchdogs into a ‘super regulator’ have been cast into doubt with officials saying that the government may keep the China Securities Regulatory Commission (CSRC) as a standalone body.

Published : 12, Sep 2016
China partnership a route to HNWI opportunity, says UBP

China partnership a route to HNWI opportunity,...

A partnership with an onshore bank is the preferred path for access to the mainland HNW base, according to Michael Blake, Union Bancaire Privee's chief executive of Asia.

Published : 12, Sep 2016
Singapore signs fintech agreement with Switzerland

Singapore signs fintech agreement with Switzerland...

The Monetary Authority of Singapore (Mas) and the Swiss Financial Market Supervisory Authority (Finma) signed a cooperation agreement on Monday to foster greater cooperation on fintech.

Published : 12, Sep 2016
Gibraltar Life Insurance adviser stole £1.4m from clients

Gibraltar Life Insurance adviser stole £1.4m from...

A financial adviser for Japan-based Gibraltar Life Insurance has been accused of stealing around JPY190m (£1.4m, $1.9m, €1.7m) from 26 customers over a period of 10 years, the company said in a statement on its website.

Published : 9, Sep 2016
International Adviser Best Practice Adviser Awards 2016 results
International Adviser...

The winners in International Adviser’s inaugural Best...

France, Germany and Italy fighting EU-wide ban on commission
France, Germany and Italy...

France, Germany and Italy are fighting against introducing...

Advisers losing out due to customer experience not price
Advisers losing out due...

Advisers are losing business because they are failing...

Europe remains the ‘wild west’ for adviser qualifications
Europe remains the ‘wild...

Clients receiving poor advice from inadequately qualified...

Dubai regulator fines insurer for sales outside permitted zone
Dubai regulator fines...

The Dubai Financial Services Authority (DFSA) has cracked...

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