Asia
CPA Australia to offer fee-for-service financial advice
CPA Australia, one of the world’s largest accounting bodies, said it will enter the financial planning business to provide transparent, fee-for-service, advice to Australian consumers in 2016.
IFA community called on to embrace regulation in Hong Kong
Financial advisers need to work with regulators to strengthen and simplify educational requirements for the industry, according to participants at the recent Hong Kong Expert Investor Forum.
BNY Mellon abandons Asian platform
American asset manager, BNY Mellon, has decided to shut down its platform for high net worth individuals in Singapore and Hong Kong after just 16 months.
ILAS sales plummet in Q1 after indemnity commission ban
The number of investment-linked assurance schemes sold in Hong Kong almost halved following January’s ban on upfront payment to financial advisers.
Singapore adviser ring accused of pressuring rival out of market
Ten Singapore-based advisory firms have been issued a proposed infringement decision (PID) over claims they jointly pressured a fellow adviser to withdraw an offer for a 50% commission rebate on life insurance products.