Asia
Pakistan’s private pension funds assets up 32%
Pakistan’s private pension fund industry grew over 32% in the fiscal year ending in June 2017, with total assets under management rising to PKR25bn (£180.8m, $234.4m, €199.6m), data released by the Securities and Exchange Commission of Pakistan (SECP) shows.
Hong Kong domiciled funds growth outpaces Singapore
Chinese equity mutual funds boost the size of the Hong Kong-domiciled mutual fund landscape, helping it push ahead of rival Singapore.
Singapore’s life insurance business up 10% in first half 2017
The life insurance industry in Singapore has reported a growth in sales across both single and annual premium products in the first six months of the year, with premiums collected on new policies jumping 10% to S$1.68bn (£944m, $1.2bn, €1bn) compared to 2016.
India’s Sahara fights regulator on loss of life unit to rival
Indian conglomerate Sahara said it will take the Insurance Regulatory and Development Authority of India (IRDAI) to court to fight against an order to transfer its life insurance business, Sahara Life, to rival company ICICI Prudential Life Insurance.
Aussie advisers face years of imprisonment after ASIC action
Two banned financial advisers from Australia are facing years in prison for their malpractice following a series of inquiries by the Australian Securities and Investments Commission (Asic).