News
Tax & Regulation | news 1 Apr 15
Nine in 10 advisers still reliant on trail commission
Trail commission remains an important driver of income for 93% of advisers despite the charge being completely banned from next April, a survey has found.
Life companies to sell advice-free insurance in Singapore
A new rule which allows life companies to sell insurance without commissions and financial advice is about to come into force in Singapore.
Tax & Regulation | news 1 Apr 15
First FATCA reporting deadline passes, but issues remain
The first reporting deadline for the US Foreign Account Tax Compliance Act (FATCA) has now passed, although “obstacles” still stand in the way of full compliance.
United Kingdom | news 31 Mar 15
Sesame to close advisory network for investment advisers
UK financial services giant, Sesame Bankhall Group, is to sell part of its advisory network in a bid to return the business to profit, despite a 30% reduction in new complaints in the second half of last year.
Manulife Singapore launches FAIR-compliant products
Canada-headquartered firm, Manulife, has launched two insurance products which align with initiatives proposed under Singapore’s Financial Advisory Industry Review (FAIR) by removing the need for financial advice.