Asia
Hong Kong SFC fines Phillips Securities over fund mis-selling
The Hong Kong Securities and Futures Commission (SFC) has reprimanded and fined Phillip Securities (HK) Ltd $1 million for failings in selling a fund to four clients who lost their investment.
FPI appoints two new bosses after Van Der Wielen departure
Life insurance giant, Friends Provident International, has named its new chief executive and chairman who will succeed John Van Der Wielen when he leaves the firm at the end of this month.
Hong Kong regulator told to step up ILAS regulation
A senior member of the HK Legislative Council has called on the Hong Kong Securities and Futures Commission to “step up” the regulation of Investment-linked Assurance Schemes (ILAS) to better protect the interests of policyholders.
New head of Singapore advisers body pledges to raise standards
The new president of the Financial Planning Association of Singapore (FPAS) has said he hopes to improve the ethical standards and competency of advisers in his new role.
Death, taxes, and costs: The biggest performance drags on Asian portfolios
Brad McCosker, head of client portfolio management at First Degree Global Asset Management, looks at the seven biggest drags on Asian investment portfolios.