Hong Kong and UK regulations clash
Some retail funds in Hong Kong do not meet UK requirements for local distribution under new agreement
Asia
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Singapore’s asset management industry hits $2.39trn
Broad-based growth across traditional mutual funds and alternative products.
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PEOPLE MOVES: Standard Life, UBS, DWS
Standard Life Aberdeen appoint UK propositions manager, while UBS Asia appoints new president
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Adviser fines under regulatory microscope in Hong Kong
Insurance Authority eyes maximum HK$10m penalty for licensed insurance intermediaries
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AMP sells Australian life and advice business to Resolution
Company shares fell by a quarter after a deal was announced
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Fintech festival secures billions for startups
Singapore event attracts more than $12bn in capital for south-east Asian enterprises
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India’s pension system second-worst in the world
Australian index places India 33rd out of the 34 eligible markets analysed
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Prudential’s Eastspring gains licence to sell funds in China
China set to become second-largest market globally with assets under management tripling to $12.6trn
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Merian targets Asia growth with Ping An partnership
Merian Global Investors and Ping An will explore distribution, marketing and advisory opportunities
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St James’s Place assets top £100bn for year to September
Funds under management rose 17% over 12 months, with a 96% retention rate
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Indian insurance regulator accused of discrimination
People with birth defects not covered under current rules
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Aussie regulator reveals findings in ‘fees for no service’ case
Investigator concludes that Commonwealth Bank subsidiaries ‘took all reasonable steps’ to remedy clients