ANALYSIS: Where next for the Chinese equities rollercoaster?
It has certainly been an interesting year for investors in Chinese equities, to put it mildly.
Regions
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FCA head Martin Wheatley resigns
The head of the UK’s Financial Conduct Authority, Martin Wheatley, has resigned as chief executive with effect from 12 September.
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UK interest rate rise due in November but it should be August – F&C
The first UK interest rate rise is likely to arrive in November, says F&C’s Steven Bell, but cannot come soon enough.
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Nick James leaves Generali International
Generali International’s sales manager for North Asia, Nick James, has left the company after spending more than a decade there.
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Fees key to Asian fund sales
Retail investors in Hong Kong, Singapore and South Korea are most influenced by fund fees in their investment decisions, but Taiwan is different, according to a BNY study.
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FSCS payouts jump by 35% as SIPP claims rise
The Financial Services Compensation Scheme paid out £327m in compensation to British consumers over 2014/15, a significant rise from the previous year after payments for SIPP-related claims made against financial advisers soared by 50%.
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HMRC to step up sanctions against offshore tax evasion
HM Revenue and Customs has announced plans to toughen up penalties for offshore tax evasion, and is looking at a new corporate criminal offence for failure to prevent the facilitation of evasion.
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UK Gov’t to tighten salary rules to enforce pension taper
The UK Government plans to tighten rules around salary payments to enforce new rules governing annual tax free pension contribution allowances for high earners.
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Hong Kong financial bodies unite to raise standards
Two major financial organisations in Hong Kong have merged to help strengthen professionalism within the region’s insurance and financial services market.
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Irish funds look forward to Hong Kong Stock Connect approval
The Central Bank of Ireland’s clarification of rules governing how Irish-domiciled funds can utilise the Shanghai-Hong Kong Stock Connect scheme should spark a rush of applications, according to Irish Funds, which represents the cross-border funds industry in Dublin.
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ABI: Pension freedoms see savers withdraw £1.8bn in two months
British pension savers have withdrawn more than £1.8bn from their pension pots in the first two months since the start of the freedoms, new figures revealed.
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Jersey’s Enhance Group to open Asia office
Jersey-based investment and wealth consultancy Enhance Group said it will open a Singapore office to tap into the growth of private wealth across Asia.