News
China Life forecasts 60% profit drop, issues warning
China Life, the country’s largest insurer by market cap, has issued a profit warning after it forecast a 60% drop in net profit due to a decrease in investment income for the nine months to 30 September 2016.
Credit Suisse sets up wealth mgmt firm in Channel Islands
With Credit Suisse ending direct client coverage out of the Channel Islands, the Swiss bank has set up a wealth management firm with local financial service provider Stenham Group, that will act as an external asset manager (EAM) for the bank regionally and elsewhere.
Protectionist presidency poses biggest risk to US equities
Rathbones asset allocation strategist Edward Smith has argued that investors should “pay close attention to the insidious creep of protectionism, as US politicians and elsewhere look to harness the disenfranchised.”
Best Practice | news 18 Oct 16
International Adviser Best Practice Adviser Awards 2016 results – South Africa
The fourth set of winners to be revealed in International Adviser’s Best Practice Adviser Awards 2016 series for the South African region were announced on Tuesday afternoon at the Vineyard, Cape Town after the Future Advisory Forum Cape Town.
BlackRock sees US RDR-style rules impacting investment flows
The US Department of Labor’s planned RDR-style rule change on providing investment advice for retirement planning, will have a major impact on investment flows, fund management giant BlackRock said in its quarterly results statement on Tuesday.