News
Naming and shaming better than fines says Singapore regulator
Singapore’s decision not to impose the same hefty fines on banks linked to 1MDB as other countries, but to instead name and punish individuals responsible, is a strong deterrent, said Ravi Menon, managing director of the city-state’s financial regulator.
Investment | news 29 Jun 17
DeVere Group ventures into model portfolios with Pacific AM
International advisory firm deVere Group has launched a model portfolio service (MPS) in association with Pacific Asset Management.
Retirement | news 29 Jun 17
Montfort told to pay back client for unsuitable Qrops advice
A UK IFA firm which specialises in advising Britons moving overseas has been ordered to compensate a client over “unsuitable” pension transfer advice.
Hong Kong top Asian city for attracting ultra-wealthy
Hong Kong has the most number of ultra-high net worth (UHNW) individuals in Asia and globally it ranks second, according to the Wealth-X 2017 ultra wealth report.
Retirement | news 28 Jun 17
UK watchdog throws out Qrops case against Hargreaves
The UK’s Financial Ombudsman Service (FOS) has rejected a complaint against Hargreaves Lansdown after a client accused the platform provider of unnecessarily delaying a transfer of his pension into a Qrops.