hampden smith promoted to new role at manulife
Manulife Financial has promoted its general manager for South East Asia to the newly created position of chief marketing officer, Asia.
Author: International Adviser
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five year fee decline in transformed investment
The average management fee gathered by the funds industry has “fallen dramatically” since 2007 due to the cyclical shift to fixed income products and an inclination toward less expensive funds, according to investment research firm Morningstar.
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asia and em boost sales for standard life
Standard Life International has blamed “disruption caused by the implementation of the Retail Distribution Review” for a drop in sales of its offshore bonds into the UK last year, as its parent company reported a growth in profits and record assets under administration.
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keeping ahead of the changing face of
International finance centres are changing to meet the needs of an increasingly ‘tax conscious’ world. Guardian WM’s David Howell suggests the challenge for advisers will be to keep ahead of the game.
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guernsey financial services commission appoints
The Guernsey Financial Services Commission has announced a successor to its director general Nik van Leuven who is due to retire in June.
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arch cru co founder dodges fine as advisers set
Stephen Danner, one of the co-founders of Cru Investment Management has escaped being fined by the FSA due to his “financial position” even as advisers face paying millions in redress for mis-selling the Arch cru funds.
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vam funds opens ucits iv platform to investment
Luxembourg based VAM Funds is offering its Ucits IV platform for use by retail and institutional investment managers.
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ogier fiduciary opens in luxembourg
Ogier Fiduciary Services has opened an office in Luxembourg, complementing the existing boutique law firm opened by the Ogier Group last year.
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rdr will have negative impact say almost half
A worryingly high number of advisers in the UK believe the Retail Distribution Review, which was finally implemented at the beginning of this year, will have a negative impact on the financial services industry.
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ia asian insurance selector forum singapore
International Adviser recently held the inaugural Asian Insurance Selector Forum in Singapore for the bancassurance community.
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aviva posts 3bn loss as international cull
The UK’s largest insurer Aviva has slashed its full year dividend and reported a loss after tax of £3.05bn for 2012, with shares of the FSTE 100 company falling by up to 16% during trading in London this morning.
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rbc loses head of investments maeter
Tracy Maeter, RBC Wealth Management’s head of investments – British Isles, has departed the firm to pursue another opportunity in the industry.