News
North America | news 11 May 17
Barclays fined $97m for overcharging advice clients in US
Barclays has agreed to pay more than $97m (£74.9m, €89.2m) to refund advice and mutual fund sales fees to US clients who were charged for services they did not receive.
Old Mutual most complained about insurer in South Africa
Old Mutual Life Assurance Company, South Africa’s largest life insurer, has topped the list of complaints filed against insurers, according to latest data from the country’s ombudsman.
The peculiarities of ESG investing in China
Chinese companies account for a tiny percentage of ESG-filtered emerging market ETFs, even though China is 26.5% of the MSCI EM Index.
NAB sells Asian wealth units to Singapore’s OCBC
The National Australia Bank has announced the sale of its private wealth business in Singapore and Hong Kong to Singapore’s OCBC.
Sales of life policies in Singapore up 20% in Q1
Singapore’s life insurance industry is off to a strong start, driven by growth in single premium and annual premiums policies which saw weighted new business premiums soaring by 20% compared to the same period last year.