China remains a hotbed for Ponzi schemes despite crackdowns

China remains a hotbed for Ponzi schemes despite...

Ponzi schemes remain rife in China because of financial naivety and a collective desire for unfeasibly high returns, an academic at the Renmin University of China in Beijing has said.

Published : 26, Jul 2017
International Adviser magazine goes digital

International Adviser magazine goes digital

After 12 years of printing monthly copies, International Adviser is going digital from September. This exciting development will allow us to shape our content differently as the markets around the world evolve.

Hong Kong’s Mason plans acquisitions for wealth unit launch

Hong Kong’s Mason plans acquisitions for wealth...

Hong Kong financial company Mason Group Holdings has announced plans to build an offshore wealth management business with at least $3bn (£2.3bn, €2.5bn) in assets from the ground up through a series of acquisitions.

Published : 25, Jul 2017
Commonwealth Bank positions life business for sale

Commonwealth Bank positions life business for...

The Commonwealth Bank of Australia (CBA) is reportedly looking to sell its life insurance business but the move in not linked to recent regulatory changes requiring the country’s biggest banks to hold billions in extra capital.

Published : 24, Jul 2017
Japan’s regulator steps up disclosure duties for life insurers

Japan’s regulator steps up disclosure duties for...

Japan’s financial watchdog, the Financial Services Agency (FSA), is asking life insurance companies to become more scrupulous investors by adhering to a new stewardship code.

Published : 24, Jul 2017
Emerging market growth funds make a comeback

Emerging market growth funds make a comebackLock icon

Emerging markets are increasingly attractive but selecting the right fund is the key to performance, according to Morningstar.

Published : 24, Jul 2017
Deutsche AM: Hot Asian equities have room to run

Deutsche AM: Hot Asian equities have room to run...

Asian equity markets are up, but they are not in a bull market, according to Sean Taylor, Deutsche Asset Management’s Hong Kong-based managing director and Asia Pacific chief investment officer.

Published : 21, Jul 2017
Chinese robo-adviser expands overseas

Chinese robo-adviser expands overseas

Beijing-based robo-adviser Xuanji has announced plans to launch a fully-automated portfolio service in Asia, its first foray outside China.

Published : 21, Jul 2017
FCA signs cooperation agreement with Hong Kong regulator

FCA signs cooperation agreement with Hong Kong...

The UK Financial Conduct Authority (FCA) has signed an agreement with the regulatory authority in Hong Kong to strengthen cooperation and facilitate the exchange of information.

Published : 20, Jul 2017
Exclusive: Praemium back on track as CEO outlines strategy

Exclusive: Praemium back on track as CEO outlines...Lock icon

Following his shock dismissal as Praemium chief executive, Michael Ohanessian launched a successful fightback that saw him not only win back his job but also oust the board that sacked him. Here he talks exclusively to International Adviser about what happened and his plans for the future.

Published : 20, Jul 2017
Hong Kong’s private wealth assets grow by 9%

Hong Kong’s private wealth assets grow by 9%

Hong Kong’s private wealth management assets reached HK$5.2trn (£513.2bn, $665bn, €578.9bn) in 2016, growing by 9% and increasing their share of the overall fund management business in the territory, according to a report by the Securities and Futures Commission.

Published : 20, Jul 2017
US giant enters Indonesian life insurance market

US giant enters Indonesian life insurance market...

US-headquartered Prudential Financial has entered the Indonesian life insurance market in a joint venture with a unit of local group CT Corp in Jakarta, the companies said in a statement.

Published : 19, Jul 2017
Crocodile Dundee tax fraudster to fight extradition

Crocodile Dundee tax fraudster to fight extradition...

The Jerseyman allegedly at the centre of Australia’s biggest ever tax evasion scandal, that included Crocodile Dundee star Paul Hogan among its victims, is fighting attempts to extradite him from Italy to face charges down under.

Published : 19, Jul 2017
FPI acquisition by RL360° a ‘game changer’ says CEO Kneeshaw

FPI acquisition by RL360° a ‘game changer’ says...Lock icon

Aviva’s decision to sell Friends Provident International (FPI) to RL360° for £340m ($444m, €384m) is “a game changer” for the life insurance industry, David Kneeshaw, chief executive of RL360°, told International Adviser.

Published : 19, Jul 2017
China’s Lufax launches offshore retail platform in Singapore

China’s Lufax launches offshore retail platform...

Lu International, a subsidiary of Shanghai-based wealth manager Lufax Holdings, is launching its first direct-to-consumer online investment platform for Chinese overseas retail clients.

Published : 18, Jul 2017
Non-resident Indians face tough new disclosure rules

Non-resident Indians face tough new disclosure...

Non-resident Indians around the world will have to disclose offshore bank account details in tax returns for the first time this year, as part of a tough transparency crackdown by their home country’s tax office.

Published : 18, Jul 2017
Winners of inaugural Global Education Trust Awards unveiled

Winners of inaugural Global Education Trust Awards...

A professional body granting qualifications for competence and ethical behaviour in the financial advisory sector has announced the recipients of its awards aimed at rewarding financial literacy among university students.

Published : 17, Jul 2017
China GDP growth surprises on the upside

China GDP growth surprises on the upside

China has posted better than expected growth over the second quarter, leading analysts to speculate it could have greater momentum moving forward.

Published : 17, Jul 2017
Aberdeen launches multi-asset funds in Singapore

Aberdeen launches multi-asset funds in Singapore...

Aberdeen Asset Management has launched two multi-asset funds in Singapore, the firm's first such funds to be offered in the city-state.

Published : 17, Jul 2017
Deutsche AM terminates 16 Hong Kong ETFs

Deutsche AM terminates 16 Hong Kong ETFs

Deutsche Asset Management is delisting 16 ETFs in Hong Kong, cutting the number of exchange-traded funds it has listed in the special administrative region in half, according to data from the Hong Kong Exchange and Clearing.

Published : 17, Jul 2017

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