Industry
Lux fund body hits back at politicised scrutiny of delegation
Growing scrutiny of European fund managers delegating portfolio management to other EU countries is motivated by “political reasons”, the chairman of the Association of the Luxembourg Fund Industry (Alfi) told International Adviser.
Best Practice | 21 Sep 17
Rigorous rules see OMW and CII partner on pension transfers
Tougher rules and a 100% increase in pension transfer enquiries has prompted Old Mutual Wealth (OMW) to launch a DB to DC pension transfer training programme in partnership with the Chartered Insurance Institute (CII).
AIA pays $2.4bn for Aussie and New Zealand life insurers
The Commonwealth Bank of Australia has sold its life insurance businesses in Australia and New Zealand to AIA Group for A$3bn (£1.8bn, $2.4bn, €2bn).
PEOPLE MOVES: Goldman, StanChart, Manulife
Goldman Sachs and Manulife have both made significant hires in Asia, while Standard Chartered has appointed a fresh private banking Emea head.
Guernsey regulator warns client risk is ‘ignored’ by advisers
The Guernsey Financial Services Commission has warned that investment risk is still incorrectly explained or ignored altogether by financial advisers.