News
China’s regulator continues fund house crackdown
The China Securities Regulatory Commission (CSRC) put 73 private fund firms under administrative supervision measures in the first half of this year after illegal or irregular activities were found.
IVCM targets int’l investors with relaunched New Zealand Rops
IVCM, formerly Brooklands Pensions, is reopening its New Zealand recognised overseas pension scheme (Rops) and will include funds managed by Emirates NBD Asset Management and Vanguard Investments Australia.
Canada Life premiums jump 50% amid soaring fund sales
Canada Life’s second quarter premiums rose by more than 50% compared to the previous year due to a surge in the sale of funds, figures from its parent company Great-West Life show.
Malaysian insurers to target Europe in Islamic finance push
Malaysia’s Islamic insurers are considering a move into Europe by targeting the continent’s growing Muslim population, an expert in Islamic finance has said.
UK to tighten IHT rules on non-dom offshore properties
The British government plans to extend its inheritance tax (IHT) rules to cover properties held by non-domiciled residents in an offshore entity.