Asia
Panama Papers take down law firm Mossack Fonseca
The law firm at the centre of the Panama Papers scandal, which saw millions of its private client files leaked to the media, has announced it is closing.
Nexus departs Singapore to focus on Middle East
Dubai-headquartered Nexus Group has confirmed to International Adviser that it is to close its Singapore arm, Nexus Financial Services, and focus on its core Middle East operations.
Singapore clamps down on adviser recruitment incentives
In an attempt to curb mis-selling and adviser mass-migration, guidelines on the use of sign-on incentives in the recruitment of financial advisers have been rolled out by the Life Insurance Association of Singapore (LIA).
Prudential offloads £12bn annuity book as it carves out M&G
Prudential is selling £12bn ($16.7bn, €13.5bn) of its UK annuity portfolio in a landmark deal to Rothesay Life, as part of a major revamp that will see its UK and Europe business, M&G Prudential, become a separately-listed company.
Singapore police and regulator team up to investigate IFAs
The Monetary Authority of Singapore (Mas) and the white-collar crime unit of the city-state’s police force are teaming up to investigate all capital markets and financial advisory offences.