Asia
Philippines exits, South Africa ‘close’, two added to FATF grey list
South Africa is aiming to exit from greylisting by October 2025
Trustee of Australia’s largest superannuation fund fined A$27m
AustralianSuper failed to merge multiple member accounts
SFC fines Hang Seng Bank HK$66.4m for mis-selling investment products
They did not adequately supervise and monitor the sale of collective investment schemes to clients
St James’s Place reports 12% FUM jump to £191bn for 2024
Gross inflows were 18% up during the year to £18.41bn
Foresight adds £800m AUM with acquisition of WHEB Asset Management
The fund manager and investment team will retain their existing responsibilities