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
UBS AM granted private fund license in China

UBS AM granted private fund license in China

Swiss bank UBS has announced that its Chinese asset management arm has been granted a license to manage money for institutions and wealthy investors onshore in China.

Published : 14, Jul 2017
Jailed 1MDB banker sentenced to four more years for cheating

Jailed 1MDB banker sentenced to four more years...

A Singapore court has found former BSI Singapore banker Yeo Jiawei guilty of further charges of money laundering and cheating in relation to billions of dollars allegedly misappropriated from the 1Malaysia Development Berhad (1MDB) state fund.

Published : 12, Jul 2017
Hong Kong and France strike deal on mutual recognition of funds

Hong Kong and France strike deal on mutual recognition...

Hong Kong's Securities and Futures Commission (SFC) and France's Autorité des Marchés Financiers (AMF) have signed a memorandum of understanding linking their mutual fund markets.

Published : 12, Jul 2017
Sony Life to set up shop in Singapore's insurance market

Sony Life to set up shop in Singapore's insurance...

Japan’s Sony Life Insurance has announced it plans to open dozens of locations in Singapore’s malls where it will offer clients policies from multiple insurers.

Published : 11, Jul 2017

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Axa Life Singapore ordered to pay $3m over bad reference
Axa Life Singapore ordered...Lock icon

Axa Life Insurance Singapore has been ordered by the...

Ex-IFA jailed for stealing £1m from client pension funds
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UK to limit right to transfer pensions but will include Qrops
UK to limit right to...Lock icon

As part of its crackdown on pension scams, HM Treasury...

DeVere’s Europe expansion continues with first Austria office
DeVere’s Europe expansion...Lock icon

DeVere Group is to open its first office in Austria...

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