Investors in troubled EEA Life Settlements to receive payout
Investors in the EEA Life Settlements Fund will receive a £56.1m payout after the sale of 188 US life insurance policies.
Regions
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Global head of HSBC GAM relocates to Hong Kong
The chief executive of HSBC Global Asset Management, Sridhar Chandrasekharan, has relocated to Hong Kong from the firm’s headquarters in St James, London, to tap the region’s stronger growth outlook.
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Mercer fined by MAS for unlicensed selling of life policies
The Singapore-based arm of Mercer has been fined by the Monetary Authority of Singapore for allowing unlicensed representatives to arrange contracts for life insurance policies.
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ANALYSIS: Communication key for managers to navigate new, older world
Data out from the Association of British Insurers and the Office for National Statistics in the past few days should have asset managers rubbing their hands with a mixture of excitement and trepidation.
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Ingenious unveils bespoke service for US clients
Ingenious Asset Management has formalised its offering for its transatlantic clients with the launch of IAM-US.
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St James’s Place boosts number of advisers in Asia, eyes UAE
St James’s Place Asia, the re-branded The Henley Group, has seen 40% growth in the number of partners and advisers based at its three offices in the region.
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Fund distributor Invesco sees boom time in the Emirates
With the Middle East now one of Invesco’s largest marketplaces globally, Nick Tolchard, managing director of international development for the asset manager, charts this unprecedented success story.
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ANALYSIS: The best way forward for financial advice
The UK Government’s decision to launch a review of the financial advice market could lead to some dramatic changes in the way financial planning is delivered to clients in the future.
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SFC licence jump linked to rise in private bankers in HK
Advisers suspect the influx of applications for intermediary licences in Hong Kong is due to an increase in private bankers and asset managers in the region.
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Insurance Distribution Directive framework finalised
The details of the Insurance Distribution Directive (IDD), which is designed to boost the cross-border trade of insurance products, have been finalised.
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Woodford tops August UK fund sales charts as ETFs surge
Market volatility is prompting investors to favour a familiar name as CF Woodford Equity Income topped The Share Centre sales chart for the third month running.
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Non-compliant UAE life and property insurers get IA rule extension
The UAE government has given insurance companies operating in the Emirates an extra year, beginning 28 August, to meet the regulatory requirement which forbids combining persons’ insurance and fund accumulation operations with property and liability insurance operations.