Asia
frustration among hk insurance brokers
Insurance brokers in Hong Kong are expressing frustration over an industry agreement that they inform clients whenever they are due a commission from the sale of insurance products, even though their main rivals in the marketplace insurance agents, which typically represent the major insurance giants do not have to.
axa sells hong kong based Ipac advisory firm
Axa Group is looking to sell those parts of its Hong Kong-based Ipac advisory company that it did not dispose of last year, as it seeks to bring to an end a nine-year affiliation with the self-described holistic lifestyle financial planner, market sources say.
india to open stock market to foreign investors
Foreign investors are to be allowed direct access to Indian equities, in a policy shift designed by the Indian government to increase the depth of the stock market and increase foreign inflows into the country.
guernsey signs tiea with India
Guernsey has signed a Tax Information Exchange Agreement (TIEA) with India, the 13th with a G20 member.
singapore based uob am fined
The Monetary Authority of Singapore (MAS) has fined UOB Asset Management S$50,000 for failing to issue monthly statements to its customers over a six year period.