Industry to bounce back as HK settles to ILAS changes, says FPI
Demand for investment-linked assurance schemes in Hong Kong dived following January’s ban on indemnity commission, but FPI’s James Tan is confident the industry will move in a positive direction once all players are settled into the changes.
United Kingdom | 25 Aug 15
Tavistock to close troubled advice network Financial Ltd
Private investment firm Tavistock Financial said it will shut down UK advice network Financial Ltd, which it purchased earlier this year, and replace it with a new network.
RBC GAM hires Asia boss
RBC Global Asset Management, the asset management arm of Royal Bank of Canada, has taken on Ken Tam as head of Asia.
United Kingdom | 25 Aug 15
Sesame tops FOS list for most complained about adviser
Advisory network giant Sesame has topped the list again for being the most complained about advice firm in the UK, data from the Financial Ombudsman Service reveals.
Hong Kong ruling risks ‘inconsistencies’ in advice requirements
Hong Kong advisers offering insurance products could face inconsistencies in their overall requirements when a new measure comes into force next year, Old Mutual International’s Mark Christal has warned.