Singapore
Life industry responds to Singapore commission cap delay
The Monetary Authority of Singapore has delayed the 55% cap on commission financial advisers receive from the sale of life insurance policies a year after the industry asked for more time to implement the changes.
UBS appoints Koh head of wealth management Asia Pacific
Edmund Koh has been named head of UBS Wealth Management Asia Pacific replacing Kathryn Shih, who has been named president of UBS Asia Pacific. Both appointments are effective 1 January 2016.
Joseph Kwok to depart PIAS
Joseph Kwok will step down from his role as deputy general manager of Singapore-based Aviva subsidiary Professional Investment Advisory Service (PIAS), effective from 25 November.
Singapore’s IMA unveils fund risk guidelines
The Investment Management Association of Singapore has released a set of guidelines for fund management firms to better understand the potential risks of the products they sell.
Singapore outpacing Hong Kong for millionaires
The population of millionaires in Singapore is expected to grow by more than 18.3% by 2020, compared with 15.6% in Hong Kong.