Asia
Major Convoy stakeholder sues over share sale
Troubled Hong Kong financial advice firm Convoy Global is being sued by one of its biggest backers in an attempt the halt the sale of shares in another company at a substantial loss.
Should Australia introduce a UK-style restricted advice model?
With the vertically-integrated advice model under fire and the cost of financial advice being more than the average Australian is prepared to pay, could a UK-style tied model be the solution?
Returns only a part of HNWI satisfaction
Wealth managers should go beyond a pure functional role and work more on the personal connection with high net worth clients, according to David Wilson, head of Asia wealth management at the consulting firm Capgemini.
Aussie bank faces landmark lawsuit over bad advice
Major Australian bank Westpac could face multi-million dollar fines after the country’s financial services watchdog commenced legal proceedings against it over allegations of poor financial advice provided by one of its former employees.
Bahrain apartment not enough to avoid Aussie income tax
A man who has lived and worked in the Middle East since 2009 has failed to convince an appeal court that he is a non-resident of Australia and therefore should not have to pay income tax.