Asia
MAS issues prohibition orders in latest stage of 1MDB scandal
The Monetary Authority of Singapore (Mas) has issued prohibition orders against those involved in the 1Malaysia Development Berhad (1MDB) state fund breach, one of the world’s largest money laundering scandals in recent history.
MitonOptimal on advisers using DFMs
Dissecting advice and portfolio management can resolve the cost, performance and regulatory issues IFAs are facing, Scott Campbell, managing director and chief investment officer of MitonOptimal, tells International Adviser.
Reforming Korea is too cheap to ignore
Korea is becoming more appealing to international investors as newly elected government officials in South Korea start to position themselves away from the country’s most powerful families and implement reform to eliminate many prevalent shareholder-unfriendly practices, says Jacob Mitchell, chief investment officer Antipodes Partners and manager of the Antipodes Global Fund – Ucits.
Friends Provident Int’l on Millennial opportunities
Andrew Waddell, managing director at Friends Provident International (Singapore) talks to International Adviser about the ongoing opportunities for advisers to meet the needs of Millennial clients.
Hefty $1m penalty a warning to Aussie financial advisers
An Australian financial advice firm has been hit with a A$1m ($766,575, £581,700, €659,100) civil penalty, the first handed out by the Federal Court of Australia for failing to act in the best interests of its clients in accordance with the Future of Financial Advice (Fofa) reforms.