Asia
Australian bank to pay millions in advice compensation
The Commonwealth Bank of Australia (CBA) has been rapped for more advice failings and is expected to pay nearly A$2m (£1.15m, $1.6m, €1.3m) in compensation to clients of five former advisers.
SJP Singapore poaches chief exec from Nexus
St James’s Place Wealth Management Asia has recruited Nexus Financial Services’ chief executive Gary Harvey to head up its Singapore business.
Advisers shunned as clients seek life insurance online
Australians are increasingly turning to online research and rejecting advisers when buying life insurance, a survey has found.
Alternatives | 22 Jan 18
India to tax Bitcoin gains
Tens of thousands of cryptocurrency investors in India have been sent tax bills, after a nationwide survey showed more than $3.5bn (£2.5bn, $2.8bn) worth of transactions in the alternative asset were made over a 17-month period.
Convoy set for triple whammy court hearing
Hong Kong’s High Court has ruled that three separate legal cases against beleaguered investment company Convoy Global should be heard together and has set a court date of 6 March.