The European Securities and Markets Authority (ESMA) has suggested changes to the governance of over-the-counter derivatives markets including a new process for handling regulatory differences between EU states.
Hermes Investment Management is growing its sales team in Singapore with a new hire who came on board this week.
Canada Life’s reinsurance division has reached a deal with insurance giant Aegon to cover the longevity risk on a €6.0bn (£4.3bn, $6.7bn) portfolio of Dutch annuities.
Sanlam Private Wealth, the UK wealth management arm of South African insurer Sanlam Group, has launched a retirement income service aimed at tackling the twin issues of living longer than expected and the huge range of investment choices.
The Hong Kong fund industry saw net sales drop by almost a half in the first six months of 2015, new figures reveal.
Axa Wealth has added 11 AllianceBernstein funds to its wrap platform following this year’s pension reforms, their first offering to the UK retail investment market.
There has been a lot of conventional wisdom bandied about over the past few days in relation to China’s loosening of the renminbi peg.
Zurich Global Life has appointed Walter Jopp as head of market management for the Middle East and Africa following Paul Dawson’s move to the UK.
The UK Teachers’ Pension scheme has advised its members there is a loophole in the current rules surrounding the transfer of public sector pensions that would allow access to certain qualifying recognised overseas pension schemes (QROPS).
China’s Central Bank has devalued its currency for the second consecutive day, following Tuesday’s biggest depreciation in two decades.
The UK wealth planning arm of South African insurance giant Sanlam Group has expanded its assets in Britain to over £1bn with the acquisition of an advice firm in southern England.
The limited progress in opening access across the European Union to fund managers outside the region seeking to offer alternative investment funds (AIFs) could be seen as a reluctance to act, according to one specialist lawyer.
