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PEOPLE MOVES: Generali, Schroders, Standard Chartered

PEOPLE MOVES: Generali, Schroders, Standard Chartered...

Generali has confirmed that a top executive in Asia has resigned, while a Schroders veteran is set to leave the company after a recent corporate restructure saw his role disappear. Standard Chartered, meanwhile, has named a heavy hitter from the IMF as its next chairman and appointed a private banking regional head in Asia.

Published : 28, Jul 2016
Personal wealth leaving China sees AIA's business grow 60%

Personal wealth leaving China sees AIA's business...

One of Asia's largest insurer AIA has reported a whopping 60% growth in the value of new business from mainland China as regulators struggle to stem the flow of personal wealth leaving the country via Hong Kong’s offshore insurance industry.

Published : 28, Jul 2016
Fed turns ‘mildly hawkish’ after holding rates

Fed turns ‘mildly hawkish’ after holding rates...

The US Federal Reserve’s decision to hold rates at 0.25-0.5% announced Wednesday surprised nobody, but the accompanying rhetoric suggested a more hawkish stance is emerging.

Published : 28, Jul 2016
Hansard results boosted by Middle East & Africa performance

Hansard results boosted by Middle East & Africa...

Hansard Global’s growth momentum gathered pace in its fiscal fourth quarter following strong results from the Middle East and Africa and a well-received product enhancement.

Published : 28, Jul 2016
Money taken out of UK pensions more than doubles, says HMRC

Money taken out of UK pensions more than doubles,...

The amount of money savers are taking out of their pensions has more than doubled in the three months to 30 June compared to the first quarter of the year, latest figures published by the UK’s tax office show.

Published : 28, Jul 2016
IFAs must recruit from a wider gene pool to grow business

IFAs must recruit from a wider gene pool to grow...

Recruiting more diverse IFAs is key to tapping new markets and growing business, but attracting fresh blood into the industry remains a challenge, industry experts have said.

Published : 28, Jul 2016
Malta amends tax rules to clarify Qrops 30% transfer limit

Malta amends tax rules to clarify Qrops 30% transfer...

Malta’s government has amended its income tax rules to make clear that savers can still take a 30% pension commencement lump sum (PCLS) when they transfer their pension pot into a Qrops registered on the island, after “significant lobbying” efforts by specialist provider Momentum Pensions.

Published : 27, Jul 2016
Advisers using technology well see 40% rise in AUM, says report

Advisers using technology well see 40% rise in...

Financial advisers making the most of technological advances have almost 40% more assets under management (AUM) than their counterparts, new research suggests.

Published : 27, Jul 2016
Volatile 2016 may not be all bad, investors need to be agile

Volatile 2016 may not be all bad, investors need...

Investors will have to be much more nimble with decisions due to political risks ahead, but Brexit hasn't clouded the outlook, said Daniel Murray, chief economist and head of research of EFG Asset Management’s wealth management business.

Published : 27, Jul 2016
IoM plans to enforce full commission disclosure worldwide

IoM plans to enforce full commission disclosure...

The Isle of Man regulator has announced plans to make it mandatory for international life companies based on the island to disclose to retail customers all commissions being paid to their financial adviser.

Published : 27, Jul 2016
Brexit vote reignites debate over cuts to pensions tax relief

Brexit vote reignites debate over cuts to pensions...

The UK’s decision to quit the European Union could lead to a raid on pensions tax relief, experts in the industry have warned.

Published : 26, Jul 2016
Brooklands appoints administrator, Heritage takes over Sipps

Brooklands appoints administrator, Heritage takes...

Brooklands Trustees, an FCA authorised Sipp provider, has gone into administration and sold its assets to Heritage Pensions, according to a note to clients from the new administrator Duff and Phelps.

Published : 26, Jul 2016
PEOPLE MOVES: Aviva Investors, BNY Mellon, HSBC Private Bank

PEOPLE MOVES: Aviva Investors, BNY Mellon, HSBC...

Aviva Investors has named an interim replacement for its Asia Pacific chief executive. BNY Mellon has announced two senior investment services promotions in EMEA, while HSBC Private Bank has named a business head for North America.

Published : 26, Jul 2016
Sipps top UK ombudsman's list of complaints

Sipps top UK ombudsman's list of complaints

Complaints about self-invested personal pension schemes (Sipps) had the highest success rate of any product looked at by the UK’s Financial Ombudsman Service (Fos) in the first quarter of this year.

Published : 26, Jul 2016
ANALYSIS: Are markets in the eye of the storm?

ANALYSIS: Are markets in the eye of the storm?...

Humans have a remarkable capacity for adaption and the investment management sector is no different.

Published : 25, Jul 2016
Damning BHS report highlights need for DB pension reform

Damning BHS report highlights need for DB pension...

The collapse of British department store group BHS was due largely to “systematic plunder” by its former owners, but raises ongoing concerns over the future of company pension schemes which need to be tackled soon, according to a UK parliamentary inquiry.

Published : 25, Jul 2016
Aviva launches 280-strong Singapore advice business

Aviva launches 280-strong Singapore advice business...

The UK-headquartered insurer has set up a financial advisory firm in Singapore called Aviva Financial Advisers, offering advice on a full range of life, health, general insurance, and investment products.

Published : 25, Jul 2016
In China, passive outdoes active

In China, passive outdoes active

Over the trailing three years, more passive China equity funds than actively-managed ones had returns of 20% or more, according to FE data.

Published : 25, Jul 2016
Platform view - Be prepared

Platform view - Be prepared

With financial crime at the forefront of many investors; worries when dealing with sensitive data online; the security of a platform is of huge concern while maintaining functionality, says Sarah Jouhal, managing director of Praemium International

Published : 14, Aug 2014
Now the cooperative bank is to close

Now the cooperative bank is to close

Another Crown Dependency island is to lose another banking brand, with the announcement today by the Co-operative that it is to close its Guernsey branch early next year, with the loss of 11 jobs.

Published : 14, Aug 2013

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