FCA proposes rule change for ‘inherently risky’ products
The regulator is concerned about the ‘poor conduct’ of firms selling binary and CFD products
Industry
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Prudential’s investment management arm opens Shanghai office
The operation will aim to serve the investment needs of high net worth individuals in China.
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Half of pension transfer advice still not suitable
FCA: ‘It is unacceptable that pension transfer advice should persistently remain at such a low level in comparison to investment advice’
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‘Surprise’ at UK’s sudden suspension of Tier 1 Investor Visas
Home Office is looking to crackdown on money laundering and organised crime
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LGIM opens Italian retail office in Milan
Investors will have access to its range of investment solutions such as ETFs, Sicavs and Icav Ucits schemes.
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Hong Kong urgently launches insurance fraud prevention database
Federation says need to move quickly as ‘lagging far behind’ other countries
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Citi hires from DBS for India wealth push
The firm is aiming to bolster its Indian wealth management business with a number of appointments
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PEOPLE MOVES: Standard Bank, AFH, Ocorian
Standard Bank South Africa gets first black woman as chief executive
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Generali acquires Merrill Lynch Ucits provider
The firm’s banking arm has also agreed to buy 90% of a Swiss wealth manager
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CII approves St James’s Place CPD framework
Training scheme will feature face-to-face, e-learning, webinars and reading packages
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Singapore to simplify cross-border arrangements
Foreign corporations would only have to notify the MAS instead of seeking approval
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Jersey authorities hope Lumiere case keeps investors vigilant
Lumiere Wealth managing director Christopher Byrne was jailed for selling fraudulent investments