News
Chinese asset management industry cleaning house
More than 2,000 private fundraising and management firms will be forced out of the Chinese market, according to the China Securities Regulatory Commission (CSRC) and the Asset Management Industry Association of China (Amac).
Standard Life buys Elevate, more UK disposals likely says Axa
Axa has agreed to sell its wrap platform business to Standard Life and has confirmed it is in talks to dispose of its remaining UK life and savings assets.
China relaxes international bond issuance rules
China’s central bank has relaxed the rules for mainland corporations looking to issue bonds offshore, according to the People’s Bank of China.
UBS wealth management sees strong inflows amid profits slump
Swiss bank UBS reported the strongest inflows to its wealth management division since 2008, although pre-tax profits were lower than analyst expectations and below last year.
Zero establishment fee on STM Group Qrops
STM Group has introduced a zero establishment fee for all new Qualifying Recognised Overseas Pension Scheme (Qrops) applications received before 31 October 2016, with immediate effect.