Industry
Manulife Asia merger to target $19trn
Manulife Asia has merged its wealth and asset management divisions in order to target $19trn worth of untapped cash deposits throughout the region.
DeVere pays 190k for misselling
A financial adviser has won a long-standing battle against deVere UK to return £190,000 to his clients after the multi-national advisory firm mis-sold high-risk products.
Aegon targets low volatility investors
Demand for low-volatility investment products is set to grow, Aegon said on Wedesday, as pension changes see an increase in retirees choosing drawdown and investors burned in the financial crisis remain cautious.
Asset management sector well positioned
Assets under management in the UK wealth and asset management sectors are expected to rise 6.5% per year between 2015 and 2018, EY said in a recent ITEM Club financial services forecast.
North America | 5 Feb 15
FATCA goes live in Jersey
Financial institutions in Jersey can now register clients with the US, as the Foreign Account Tax Compliance Act (FATCA) goes live in the jurisdiction.