Aussie watchdog warns advisers ahead of commission cap

Aussie watchdog warns advisers ahead of commission...Lock icon

Advisers in Australia have been warned by the country’s financial regulator not to inappropriately switch clients into charge-heavy products ahead of major changes to commission payments and clawbacks on insurance policy sales.

Published : 6, Jun 2017
ANALYSIS: Has Abenomics saved Japan’s ‘lost generation’?

ANALYSIS: Has Abenomics saved Japan’s ‘lost generation’?...

Japan’s economy is beginning to show signs of life, but is this another false dawn, or a sign that Prime Minister Shinzo Abe’s reforms are working?

Published : 5, Jun 2017
The problem with Asian fund passport schemes

The problem with Asian fund passport schemes

Regulatory and tax squabbles and the desire to deepen domestic fund industries are some of the high hurdles for passporting programmes, says Daniel Caleghin, head of wealth management strategy for Asia-Pacific at Deloitte subsidiary Casey Quirk.

Published : 5, Jun 2017
Tax scam mastermind who duped Crocodile Dundee star arrested

Tax scam mastermind who duped Crocodile Dundee...Lock icon

The man at the centre of Australia’s biggest ever tax evasion scandal that ensnared Crocodile Dundee actor Paul Hogan is understood to have been arrested in Italy.

Published : 2, Jun 2017
Expat hotspots top global competitive ranking

Expat hotspots top global competitive rankingLock icon

Hong Kong and Singapore ranked first and third as the most competitive countries in the world, with Switzerland coming in second, according to the 2017 IMD World Competitiveness Ranking.

Published : 1, Jun 2017
Pakistan returns to MSCI emerging markets index with a bump

Pakistan returns to MSCI emerging markets index...

With more of a shudder than a surge, Pakistan formally returned to the MSCI emerging markets index on Wednesday after nine years as a frontier market, a day after foreign investors sold up in the biggest net outflow since July 2013.

Published : 1, Jun 2017
Australian adviser given life ban for stealing A$2.3m

Australian adviser given life ban for stealing...Lock icon

An Australian financial planner has been jailed and permanently banned from providing financial services after pleading guilty to stealing more than A$2.3m (£1.3m, $1.7m, €1.5m) from a nurse to fund his lavish lifestyle.

Published : 1, Jun 2017
Menon reappointed MD of Singapore’s financial regulator

Menon reappointed MD of Singapore’s financial...

The Monetary Authority of Singapore (Mas) has reappointed Ravi Menon as managing director for a further two years, effective from 1 June 2017.

Published : 31, May 2017
Measuring ESG impact on fund performance

Measuring ESG impact on fund performance

A hybrid approach that blends short-term and long-term views is needed when measuring the impact of ESG practices on fund performance, says Madhu Gayer, head of investment analytics for Asia at BNP Paribas Securities Services.

Published : 31, May 2017
Indonesia’s life premiums jump 28% in Q1

Indonesia’s life premiums jump 28% in Q1

Premiums in the Indonesian life industry soared by 28% in the first quarter of this year, compared to the same period in 2016, according to latest data released from the Financial Services Authority (OJK).

Published : 31, May 2017
Credit Suisse and UOB fined as 1MDB probe hits two years

Credit Suisse and UOB fined as 1MDB probe hits...Lock icon

The Monetary Authority of Singapore (Mas) has fined Credit Suisse and United Overseas Bank (UOB) and issued prohibition orders against three people following a two-year investigation into scandal-plagued wealth fund 1Malaysia Development Berhad.

Published : 30, May 2017
Collapsed Australian investment firm bosses fined over A$600m

Collapsed Australian investment firm bosses fined...

Five former executives connected to collapsed Australian finance group MFS have been ordered to pay more than A$600m (£350m, $450m, €400m) in compensation to investors by the Supreme Court in the state of Queensland.

Published : 26, May 2017
Sharp fall in premiums bite Japan’s ‘top four’ life insurers

Sharp fall in premiums bite Japan’s ‘top four’...

Japan's four largest life insurers have reported a 16% decline in combined domestic premium income in the fiscal year ending 31 March 2017.

Published : 26, May 2017
Vanguard to target retail investors in China

Vanguard to target retail investors in China

US mutual fund giant Vanguard has launched a wholly-owned operation in China to target the fast-growing retail investment market in the world’s second largest economy.

Published : 26, May 2017
Five views on Moody's downgrade of China

Five views on Moody's downgrade of China

Asset managers comment on Moody's decision to lower China's sovereign credit rating by one notch to A1 from Aa3, with stable outlook.

Published : 25, May 2017
OCBC opens Indonesia wealth unit amid tax amnesty success

OCBC opens Indonesia wealth unit amid tax amnesty...

Singapore’s OCBC Bank has launched an onshore private banking business, spurred by Indonesia's tax amnesty.

Published : 24, May 2017
China's HNA looks to buy a stake in Value Partners

China's HNA looks to buy a stake in Value Partners...

Chinese conglomerate HNA Group is looking to buy a stake in Hong Kong fund management firm Value Partners, making it the company's fourth investment in an asset manager in the past six months.

Published : 23, May 2017
Majority of emerging markets funds in Asia underperform

Majority of emerging markets funds in Asia underperform...

More than half of emerging market equity funds available for sale in Hong Kong and Singapore underperform the MSCI Emerging Markets Index, FE data shows.

Published : 23, May 2017
China to lift curbs on foreign fund offshore investments

China to lift curbs on foreign fund offshore investments...

China is set to lift a two-year suspension on foreign funds raising money in the country to invest overseas, a sign that Beijing is loosening its grip on personal wealth leaving the country.

Published : 23, May 2017
Regulatory delays bite Philippine's fund industry

Regulatory delays bite Philippine's fund industry...

Local fund managers in the Philippines are still waiting for a series of key regulatory changes that could drive industry growth, according to Valerie Pama, Manila-based president of Sun Life Asset Management in the Philippines.

Published : 22, May 2017

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