Scathing report on Australian financial advisers published
Royal Commission points to culture of greed and dishonesty
Industry
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UK regulator slaps DFM with fine for market abuse failings
London firm has contested the regulator’s £409,300 fine
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Zurich buys Indonesian insurer in $414m deal
‘Zurich has earmarked Asia Pacific to be a major engine of growth for the group’ says CEO
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Nikko AM launches disruptive innovation fund
New global equity fund to focus on next generation technologies
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Lifetime allowance rise could save pensioners £15,000
More wiggle room for pension savers whose pots risk breaching the current limit
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People Moves: Alexander Forbes, Fidelity, Tilney
Chief exec of South African advice firm shown the door, Fidelity Int’l names head of Fundsnetwork
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European litigation weighs on Hansard Global results
Group is reassessing its distribution strategy in light of the incoming IoM Conduct of Business Code
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Australia eyes insurance cold-calling ban
A ban would have a wide impact as outbound call centres are critical for some life companies
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Pension bosses banned for 34 years
Cold-calling introducers encouraged clients to transfer £57m – mainly into storage unit investments
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FCA makes it easier to identify unauthorised advice firms
UK watchdog ‘strongly suggests’ some firms be avoided
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The real deal is old tech, not Faangs
It’s less sexy but the valuations are sensible, says Nikko AM
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Mass exodus from Indian wealth management firm
Thirty-three ‘top line execs’ have jumped ship to join a new venture