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Best Practice

Singapore regulator vows tougher action after 1MDB scandal

Best Practice | 26 Jul 16

Singapore regulator vows tougher action after 1MDB scandal

Lapses in anti-money laundering and other scandals have “made a dent” in Singapore’s reputation as a “clear and trusted financial centre”, said Ravi Menon, managing director of the Monetary Authority of Singapore (Mas).

Damning BHS report highlights need for DB pension reform

Best Practice | 25 Jul 16

Damning BHS report highlights need for DB pension reform

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.

Hong Kong gains pace with regulatory shifts

Best Practice | 21 Jul 16

Hong Kong gains pace with regulatory shifts

Mark Christal, chief executive officer of Hong Kong for Old Mutual International, part of Old Mutual Wealth, on the shifting sands of Hong Kong’s regulatory landscape, its impact on all participants in financial services within the region, and the challenges facing product providers, advisers and end clients.

Australia pushes ahead with plans for degree qualified advisers

Best Practice | 21 Jul 16

Australia pushes ahead with plans for degree qualified advisers

The Australian government has reaffirmed plans to set up an industry body aimed at lifting the professional standards of financial advisers, confirming that all new advisers must have a university degree.

South African regulator confirms RDR shelved until next year

Best Practice | 20 Jul 16

South African regulator confirms RDR shelved until next year

South African regulator, the Financial Services Board (FSB), has confirmed that the first phase of the upcoming Retail Distribution Review (RDR), due to be implemented this month, has now been postponed until next year.

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.