News
OMGI UK Smaller Cos offshore fund loses Gold rating as Nickols steps down
Morningstar has placed the former Gold-rated Old Mutual UK Smaller Companies Focus fund under review following the announcement that manager Dan Nickols is to step down.
Hong Kong brokerage fined $4m over investment sales failures
The Asia arm of Okasan International has been fined $4m after failing to ensure investment products were suitable for clients.
Mergers favoured as half of UK funds close in 10 years
Just under half (48%) of all UK domiciled funds that were active on 30 September 2005 are now closed, according to Lipper, a Thomson Reuters company.
People Moves | news 2 Nov 15
Old Mutual confirms Bruce Hemphill as group chief
Global financial services firm Old Mutual Group has confirmed the appointment of Standard Bank Group’s Bruce Hemphill as its new chief executive.
Singapore reviews onus of IFA conduct over insurance sales
Singapore’s financial regulator is examining whether advisers or life companies are responsible for the training, competency and conduct of intermediaries selling insurance.