Hong Kong
Standard Life pulls out of Singapore
Standard Life is to close its insurance operation in Singapore and will stop accepting new business with immediate effect.
Blacklisted nations slam EU over ‘unacceptable’ tax haven register
The Organisation for Economic Cooperation and Development (OECD) has spearheaded complaints from a host of countries disputing their “arbitrary” inclusion on a list of tax havens released by the European Commission last week.
Complaints against SFC-licensed advisers double in a year
The number of complaints made against the conduct of intermediaries who are licensed by Hong Kong’s Securities and Futures Commission (SFC) has more than doubled in a year, the latest figures reveal.
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.
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.