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.
Hong Kong insurance companies defy 2015 asset dip
Insurance companies in Hong Kong reported a 3.5% increase in assets under management to HK$468bn (£45.6bn, $60.3bn) during 2015, compared with a decrease of 1.6% for the jurisdiction’s combined fund management business.
Tax & Regulation | 22 Jul 16
FCA raps insurers and brokers for poor controls over reps
The UK Financial Conduct Authority says it has identified “serious and widespread” issues with how general insurance companies and brokers manage their networks of authorised representatives.
Tax & Regulation | 22 Jul 16
Isle of Man approves new Alternative Banking Regime
The Isle of Man parliament has passed the laws which will establish a new Alternative Banking Regime (ABR) allowing two additional types of banking licences to be offered on the island.
Tax & Regulation | 22 Jul 16
UK supreme court ruling could see insurance premiums rise
The UK supreme court has ruled that lies that do not impact an insurance claim should not necessarily invalidate the policy, but an industry body has warned that the ruling is a “blow for honest customers”.