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
Alibaba sets up Hong Kong wealth management firm

Alibaba sets up Hong Kong wealth management firm...

A subsidiary of Chinese e-commerce giant Alibaba has set up a wealth management business in Hong Kong and hired a former UBS director of ultra-high net worth assets as managing director.

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
India’s Sahara fights regulator on loss of life unit to rival

India’s Sahara fights regulator on loss of life...

Indian conglomerate Sahara said it will take the Insurance Regulatory and Development Authority of India (IRDAI) to court to fight against an order to transfer its life insurance business, Sahara Life, to rival company ICICI Prudential Life Insurance.

Published : 7, Aug 2017
Aussie advisers face years of imprisonment after ASIC action

Aussie advisers face years of imprisonment after...

Two banned financial advisers from Australia are facing years in prison for their malpractice following a series of inquiries by the Australian Securities and Investments Commission (Asic).

Published : 4, Aug 2017
 Aviva, Tencent seek licence for Asian digital insurer

Aviva, Tencent seek licence for Asian digital...

UK insurance giant Aviva and Chinese tech firm Tencent are seeking regulatory approval for a new joint venture partnership along with private equity firm Hillhouse Capital, which plans to develop an online insurance company in Hong Kong.

Published : 3, Aug 2017
China insurance watchdog denies Anbang asset sale pressure

China insurance watchdog denies Anbang asset sale...

The China Insurance Regulatory Commission (CIRC) has denied asking insurance giant Anbang to sell its overseas assets and bring the proceeds back to China.

Published : 3, Aug 2017
Australian boutique eyes London expansion with fund launch

Australian boutique eyes London expansion with...

Australian investment manager Antipodes Partners has launched a global equity fund to the UK market ahead of plans to expand its London office later this year.

Published : 2, Aug 2017
Singapore advice firm loses case against competition watchdog

Singapore advice firm loses case against competition...Lock icon

Singapore’s Competition Appeal Board (CAB) has dismissed an appeal from IPP Financial Advisers to reduce the fine it was handed after being found guilty of colluding with other advice firms to force a competitor to withdraw a life product commission rebate offer.

Published : 2, Aug 2017
Ex-FPI Singapore managing director Chris Gill joins SJP Asia

Ex-FPI Singapore managing director Chris Gill...Lock icon

Former Friends Provident International Singapore managing director Chris Gill has joined St James’s Place Wealth Management Asia as development director to the international business.

Published : 2, Aug 2017

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