Industry
Corporate governance key to asset managers rebuilding trust
Rebuildng trust between asset managers and customers still has some way to go but a stronger effort by the industry in using its clout to improve corporate governance will help, says Neil Carter of Jupiter Asset Management.
FCA fines Aviva £8.2m over wrap platform failings
Aviva has been fined £8.2m ($10.4m, €9.3m) by the Financial Conduct Authority (FCA) for failing to monitor outsourced client assets on its wrap platform.
Best Practice | 5 Oct 16
Generali, Schwab in UAE set ‘impossible’ choice for US expats
Two big providers have ripped the carpet from under a group of American investors in the UAE, says Vince Truong, partner at Dubai-headquartered financial planners Holborn Assets.
Australia to allow 60% commissions on life insurance products
Australia’s government has confirmed it will allow life insurance brokers to pocket commissions as high as 60%, after resisting calls for them to be banned altogether.
Tax & Regulation | 4 Oct 16
Former US broker charged with fraud over £3.2m mutual fund scam
The US Securities and Exchange Commission (SEC) has charged a former broker with running a fraudulent mutual fund scheme.