News
Hong Kong’s affluent don’t trust advisers
Only 24% of Hong Kong’s growing number of affluent investors trust financial advisers, which compares to around 45% of those in the US, according to Michael Fong, managing director at Charles Schwab in Hong Kong.
Regulatory review beckons for Gibraltar
The government of Gibraltar and HM Treasury are looking for a consultant to undertake a “diagnostic review” of the overseas territory’s insurance regulatory regime.
Best Practice | news 4 Jun 18
UK sets out overseas compensation framework
Britain’s Crown Prosecution Service (CPS), National Crime Agency (NCA) and Serious Fraud Office (SFO) have agreed a framework to speed up compensation claims from overseas victims of economic crime.
Spain: plus ça change
Spain’s government collapsed last week and Pedro Sánchez replaced Mariano Rajoy as prime minister but unlike the political turmoil in Italy, Spanish bond markets have been unruffled.
Legal & General exits Indian life venture with £45m profit
Legal & General Group is to sell its 26% stake in IndiaFirst Life Insurance to private equity firm Warburg Pincus.