South Korea
Allianz sells S. Korean life insurance and investment arms
Allianz has agreed to sell its South Korean life insurance unit and Allianz Global Investors Korea to China’s Anbang Insurance Group.
New S. Korea IFA model a ‘turning point in rebuilding trust’
Barings’ chief executive in South Korea, Thae Khwarg, has said that he ‘welcomes’ proposed changes announced by the country’s Financial Services Commission (FSC) which would allow IFAs to provide independent advice while adopting a new fee-based only regime similar to the UK.
Hong Kong to see strong growth in leveraged and inverse ETFs – Cerulli
Leveraged and inverse exchange traded funds, which are expected to be launched in Hong Kong later this year, are likely to boost trading in ETF products in the territory, according to research firm Cerulli Associates.
South Korea to introduce fee-based IFA model
South Korea’s Financial Services Commission (FSC) has announced plans to overhaul the country’s financial advisory sector, with IFAs set to provide independent advice while adopting a new fee-based only regime similar to the UK.
Tax changes may boost Korea’s mutual fund industry
The Korean government intends to temporarily waive a 15.4% capital gains tax on overseas equities funds, according to a Cerulli report.