Alibaba-backed robo-adviser Youyu launches in Hong Kong

Alibaba-backed robo-adviser Youyu launches in...

Hong Kong-listed Yunfeng Financial Group's has launched a direct-to-consumer robo-adviser Youyu.

Published : 10, Apr 2017
Old Mutual 'planning to exit' China via joint venture sale

Old Mutual 'planning to exit' China via joint...Lock icon

Old Mutual is reportedly pulling out of China after putting its stake in a joint venture with a local life insurer up for sale.

Published : 7, Apr 2017
Hong Kong signs data-sharing deal with South Africa and Portugal

Hong Kong signs data-sharing deal with South Africa...

Hong Kong has agreed to an automatic exchange of information with South Africa and Portugal amid mounting pressure from the OECD and the European Union.

Published : 7, Apr 2017
Wealth management apprenticeship scheme launched in Hong Kong

Wealth management apprenticeship scheme launched...

An initiative designed to provide professional training and employment opportunities for young people interested in careers in private wealth management has been launched in Hong Kong.

Published : 7, Apr 2017
Singapore investors report N America property scheme to police

Singapore investors report N America property...

Five Singaporeans, including two people in their 70s, who invested in a company offering attractive returns on real estate investments in the US and Canada, have reported the company to the police.

Published : 6, Apr 2017
China's Harvest Global launches its first Ucits fund

China's Harvest Global launches its first Ucits...

Harvest Global Investments (HGI), the international arm China’s Harvest Fund Management, has launched its first Ucits-compliant sub-fund, Harvest China Evolution Equity Fund.

Published : 5, Apr 2017
Tensions rise as Praemium face off approaches

Tensions rise as Praemium face off approachesLock icon

Ousted Praemium chief executive Michael Ohanessian’s "aggressive" relationship with the board and his unwillingness to “make necessary changes in his behaviour” are why shareholders should vote against his reinstatement, chairman Greg Camm has said.

Published : 5, Apr 2017
Aus court condemns advice firm’s commission-style breaches

Aus court condemns advice firm’s commission-style...

An Australian court has ruled against advisory firm NSG over its commission-style pay packages, which encouraged financial advisers to sell products rather than provide the best advice to clients.

Published : 5, Apr 2017
HSBC Singapore becomes a ‘direct life insurer’

HSBC Singapore becomes a ‘direct life insurer’...

HSBC Insurance (Singapore), the life insurance arm of the banking giant, is officially a Tier 1 insurer under rules set out by financial services regulator.

Published : 4, Apr 2017
Singapore insurers can now sell advice-free life policies online

Singapore insurers can now sell advice-free life...Lock icon

Life insurers in Singapore can now offer life policies online that can be sold without financial advice, according to new guidelines released by the Monetary Authority of Singapore (MAS).

Published : 3, Apr 2017
Lack of data ESG's biggest challenge

Lack of data ESG's biggest challenge

Lack of robust data and reporting standards hinders ESG implementation, according to Lou Maiuri, executive vice president at State Street.

Published : 3, Apr 2017
From shock to success: building The Fry Group’s reputation

From shock to success: building The Fry Group’s...Lock icon

James Sutton and David Pugh left the UK in search of fresh challenges in Asia. They discovered a marked difference in the quality of financial advice being offered there and set about ensuring The Fry Group raised the standard.

Published : 3, Apr 2017
MSCI changes tack on including China A-share in indexes

MSCI changes tack on including China A-share in...

Index provider MSCI has outlined new proposals designed to overcome issues preventing it from adding the shares of mainland Chinese companies to several key equity indexes, which should effectively allow a limited number of stocks to be included.

Published : 30, Mar 2017
UAE could face a ‘Hong Kong-style’ life sales slump

UAE could face a ‘Hong Kong-style’ life sales...Lock icon

Asia has traditionally been the principal market outside the UK for international life business but growth in sales from the two key regional hubs of Hong Kong and Singapore has come to a halt, says Provisca founder Bryan Low.

Published : 30, Mar 2017
Best and worst countries for expats

Best and worst countries for expats

With the clock now ticking on the UK’s departure from the European Union, some people are rethinking their living and employment situation. Click through the slides below to find the best and worst expat destinations, according to research firm InterNations.

Published : 29, Mar 2017
Standard Life cuts Asia insurance profile with Hong Kong sale

Standard Life cuts Asia insurance profile with...Lock icon

Standard Life has agreed to sell its wholly-owned Hong Kong life operation to its Chinese joint venture company Heng An Standard Life Insurance Company (HASL), underlining its move towards an investment-led business focus.

Published : 29, Mar 2017
 India’s largest bank to sell life unit stake in IPO listing

India’s largest bank to sell life unit stake in...

India's largest lender, the State Bank of India (SBI), has announced that it is looking to sell a 10% stake in a life insurance joint venture with SBI Life, as it prepares to launch an initial public offering (IPO).

Published : 28, Mar 2017
Life insurance business in Hong Kong up nearly 50% last year

Life insurance business in Hong Kong up nearly...Lock icon

Life insurance and annuity business in Hong Kong increased by 49% in 2016 to HK$179.1bn (£18.4bn, $23bn, €21.3bn), latest figures released by the Office of the Commissioner of Insurance (OCI) show.

Published : 27, Mar 2017
Thai regulators continue to shape investment industry

Thai regulators continue to shape investment industry...

A new mandatory provident scheme and stronger disclosure rules will impact asset and wealth managers, according to Kittikun Tanaratpattanakit, senior research analyst at Morningstar Thailand.

Published : 24, Mar 2017
Singapore regulator calls for end to ‘plague of misconduct’

Singapore regulator calls for end to ‘plague of...

The financial industry continues to be “plagued by egregious misconduct” and requires signficant reform, the Monetary Authority of Singapore’s managing director has said.

Published : 23, Mar 2017

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Utmost Wealth’s Simon Willoughby in shock departure
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UK PM May proposes £100k ‘death tax’ social care cap
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Adviser in court for investing £1.2m in Polish property fund
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UK and Spain to probe £120m storage pod pension scams
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