New Zealand considers wealth tax and foreign ownership limits
New Zealanders could face a wealth tax and a broader capital gains tax if plans being considered by a tax working group are pushed through.
Asia
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Japanese insurance giant acquires MassMutual Life
Japan’s largest insurer Nippon Life will acquire a majority stake in the Japanese arm of US rival MassMutual Financial Group in a bid to strengthen its insurance sales.
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Italian firm to launch onshore fund in China
Italy’s Azimut has been granted approval from the Asset Management Association of China (AMAC) to register as a private fund management firm in China, giving it six months to launch a product onshore.
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Hong Kong to roll out insurance lifeboat scheme
Policyholders in Hong Kong will be protected for the first time should their insurer become insolvent if plans to introduce a mandatory industry-funded compensation scheme come to fruition.
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Life companies among most valuable insurance brands
Axa, Metlife and Zurich have taken some of the top spots among the 100 most valuable insurance brands of 2018, but China is the most dominant country with its companies taking four of the top 10 slots.
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120 years and counting
As international financial adviser firm The Fry Group enjoys a landmark anniversary this year, incoming managing director Jeremy Woodley tells International Adviser how a new business adventure is on the agenda.
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Chinese environmentalism attracts Mirabaud
China’s push to clean up its environmental act has made it an attractive investment destination, Mirabaud Asset Management’s head of global emerging markets, Daniel Tubbs, tells International Adviser.
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China Everbright acquires US asset manager
The real estate asset management arm of Hong Kong-listed China Everbright has acquired Texas-based, real estate investment specialist Arrow.
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SJP Asia reports strong growth as global inflows rise 40%
Funds under management rose 28% at St James’s Place Asia in 2017, with the company reporting regional gross inflows and growing adviser numbers.
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Eastspring commits to responsible investing
Eastspring Investments has strengthened its commitment to environmental, social and governance (ESG) investing after signing up to the United Nations Principles for Responsible Investment (PRI).
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Hong Kong budget targets major financial service growth
Hong Kong will make a major push to diversify its financial services and insurance industries through a HK$500m cash injection into bond market development, fintech, green finance and a training academy, the finance secretary outlined in the budget on Tuesday.
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PEOPLE MOVES: JP Morgan, Rothschild, Julius Baer
JP Morgan’s head of UK funds leaves the firm to “pursue other opportunities”, the chairman of Rothschild Investment Bank prepares to pass the reins over to his son and Julius Baer makes an appointment to its Guernsey branch management board.