Industry
Hargreaves Lansdown reports inflows up 23%
Hargreaves Lansdown’s first half net inflows were up 23% on last year to £2.77bn, according to the company’s half yearly report.
China curb on credit card premium payments hits insurers
China’s reported crackdown on capital outflows by restricting the use of a major credit card to purchase insurance products in Hong Kong hit shares of some of the region’s top insurers on Wednesday.
Singapore can still be a honeypot, says Globaleye’s Murphy
Despite an exodus of life companies and increasing oversight, Globaleye’s Byron Murphy says Singapore, in offering high-quality advice, remains a honeypot for IFAs.
China sets new rules for insurance companies
China’s foreign exchange regulator has officially implemented a new capital and risk regime for insurance companies, according to the Chinese news agency Xinhua.
ESMA finds strong evidence of ‘closet tracker’ funds
The European Securities and Markets Authority (ESMA) said a study it undertook found that up to 15% of large, actively-managed Ucits equity funds are potentially just tracking the underlying market index.