Asia
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.
Asian managers one step ahead in social media
Asian asset managers are ahead of the game when it comes to social media, using it more consistently than their counterparts in the US, Europe, Africa and Middle East, according to recent research.
UAE and HK investors shunning advice
Only a small minority of investors in the United Arab Emirates and Hong Kong will seek financial advice this year, despite the risk of missing out on large returns, this year’s Schroders Global Investment Trends Survey has revealed.