China considering super-regulator
China is considering amalgamating its banking, insurance, and securities regulators into a single super-commission.
Author: Kirsten Hastings
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UBS makes sweeping changes at the top
UBS Group announced nine changes to its group executive board and its board of directors, including a major shake-up of its wealth management division, on Tuesday, the same day the company released its third quarter results.
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Billions withdrawn under UK pension freedoms, but common sense prevails
More than half of the funds being invested under the new pension freedoms have been invested in income drawdown products, with the remainder buying annuities, reports the Association of British Insurers (ABI).
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Old Mutual Int’l kick starts Isle of Man high net worth team
Old Mutual International has launched a new high net worth team in its Isle of Man service centre to meet rising demand from wealthy individuals.
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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.
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Market volatility weighs on DBS’s wealth management division
Net fee and commission income from DBS Group Holdings’ wealth management division fell by 4% during the third quarter, compared with the same quarter last year.
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Commerzbank launches EPFR-based investable indices
Commerzbank will launch a family of investable indices based on data from fund flow and asset allocation provider EPFR.
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Hansard hires Michael Wrigley to expand southeast Asia IFA business
Isle of Man-headquartered Hansard International has hired former Standard Life director Michael Wrigley as head of sales for southeast Asia.
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Liechtenstein and EU sign tax transparency agreement
Liechtenstein and the EU Commission have signed an agreement on the automatic exchange of information (AEOI), which will ensure greater transparency and cooperation between tax authorities.
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PraxisIFM to acquire Confiance
PraxisIFM, a Guernsey-based independent financial services group, announced that it plans to acquire Guernsey-based financial services company Confiance Limited for an undisclosed sum.
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Standard Life Investments’ AUM rise sharply
The asset management arm of insurance giant Standard Life announced on Wednesday that its assets under management rose sharply in the first nine months of 2015 as a result of strong inflows from the UK, Europe, and North America.
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New Sparta establishes US presence
Specialist emerging market investment manager New Sparta Asset Management (NSAM) has announced the establishment of its US presence; which will be headed by managing director Mark Weiller.