Singapore’s Competition Appeal Board (CAB) has dismissed an appeal from IPP Financial Advisers to reduce the fine it was handed after being found guilty of colluding with other advice firms to force a competitor to withdraw a life product commission rebate offer.
Former Friends Provident International Singapore managing director Chris Gill has joined St James’s Place Wealth Management Asia as development director to the international business.
HM Revenue & Customs’ list of recognised overseas pension schemes (Rops) has grown by 10% on the back of more schemes from Australia and the Isle of Man being added. This rise, however, follows official figures showing that the number of Qrops transfers hit its lowest level for six years last year.
Japanese equity fund net inflows by European investors have picked up recently, as the current macro environment looks conducive to Japanese equities. Asset managers are also jumping on board with the asset class, but why?
SQM Research has created an investment analysis platform for financial advisers that offers access to residential real estate data alongside a standard mutual funds research service.
Chinese authorities have reportedly asked Anbang Insurance Group to sell its overseas assets, which include life insurers in the Netherlands, South Korea, and the United States, as the country’s insurance regulator prepares to ramp up its supervision of the sector.
Indian life company Reliance Nippon Life Insurance is looking to expand its distribution network through a series of takeovers of bank-owned life insurers, a top company official told analysts.
As part of its ongoing investigation into land banking schemes, presumably on the back of the LMIM scandal, the Australian financial regulator has started legal action to wind up a scheme in which at least 82 people invested around A$800,000 (£488,212, $640,123, €546,859).
The financial regulator of the Abu Dhabi Global Market (ADGM) has signed partnership agreements with its two financial services counterparts based in Malaysia’s financial hub, Labuan.
The Abu Dhabi Global Market’s Financial Services Regulatory Authority (FRSA) has signed a cooperation agreement on financial innovation with the Australian Securities and Investments Commission (Asic).
Ponzi schemes remain rife in China because of financial naivety and a collective desire for unfeasibly high returns, an academic at the Renmin University of China in Beijing has said.
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