National legislators and regulators will all implement the MiFID II directive differently. Since this creates complications for international asset managers, the European Fund and Asset Management Association (Efama) wants an extension of the deadline for full implementation of MiFiD II, which is currently set at January 2017.
Asian investors clearly prefer domestic equities, where they expect up to a 26% yield, according to a survey report by Eastspring Investments.
Sales of UK-distributed onshore bonds increased by nearly 20% in the first six months of 2015, according to the recent data from the Association of British Insurers (ABI).
Liechtenstein and the EU Commission have signed an agreement on the automatic exchange of information (AEOI), which will ensure greater transparency and cooperation between tax authorities.
Mark Wilson, group chief executive officer at Aviva, said the group’s investment arm continues to make progress on its turnaround, but that redemptions remained ‘too high’.
PraxisIFM, a Guernsey-based independent financial services group, announced that it plans to acquire Guernsey-based financial services company Confiance Limited for an undisclosed sum.
Hong Kong’s advisory body for developing financial services said action must be taken to stop the city from being overtaken by other jurisdictions as a centre for exchange-traded funds.
A South Africa-based insurance brokerage has been fined for failing to give clients appropriate advice before selling insurance policies.
Gibraltar’s new stock exchange, the GSX, is to offer fund managers the ability to list Exchange Traded Instruments (ETIs) backed by alternative investments from December 2015.
Specialist emerging market investment manager New Sparta Asset Management (NSAM) has announced the establishment of its US presence; which will be headed by managing director Mark Weiller.
AES International has expanded its Dubai office with the appointment of two new salary-based advisers.
A group of expats who invested in failed LM Investment Management funds have secured support from the British Embassy in Thailand.
