New head of Singapore advisers body pledges to raise standards
The new president of the Financial Planning Association of Singapore (FPAS) has said he hopes to improve the ethical standards and competency of advisers in his new role.
Regions
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Advisers fear self-select services and investment platforms
Financial advisers see self-select websites and direct investment platforms as their greatest competition going forward, a new poll has revealed.
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Dubai’s DIFC aims to triple in size by 2024
The Dubai International Financial Centre has announced plans to triple the number of financial firms operating from the free zone over the next decade, and boost assets under management to $250bn in 2024 from $10.4bn last year.
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Death, taxes, and costs: The biggest performance drags on Asian portfolios
Brad McCosker, head of client portfolio management at First Degree Global Asset Management, looks at the seven biggest drags on Asian investment portfolios.
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Value of funds under management in Ireland set to top €2trn
The net value of investment funds domiciled in Ireland is set to top €2trn (£1.45trn, $2.25trn) after a 14% rise of €234bn in the first quarter of 2015, Irish Funds Industry Association chief executive Pat Lardner said.
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Financial institutions must prepare for ‘FATCA on steroids’
Financial institutions around the world must ‘get their act together’ for the introduction of the OECD’s Common Reporting Standard (CRS) in seven months, Linedata has warned.
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BoE set to tighten rules on asset managers
Declaring ‘the age of irresponsibility’ over, the governor of the Bank of England has announced plans to extend tough new rules on senior management behaviour to asset managers.
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F&C rebrands as BMO Global Asset Management
London-headquartered, F&C Asset Management, is to be rebranded as BMO Global Asset Management following the firm’s acquisition by BMO Financial Group last year.
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Chairman of AILO Liljeberg to step down from SEB Life Int’l
The chairman of AILO Nils Liljeberg will step down as managing director of SEB Life International on 30 June and be replaced by Peder Nateus.
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QROPS transfers risk rejection as advisers left in the dark
Pension transfers into QROPS could face mass rejection as non-UK advisers miss new qualification requirements finalised earlier this week, a senior industry figure has warned.
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Governments risk falling short of FATCA demands
Governments around the world could find themselves under-resourced when the Foreign Account Tax Compliance Act deadline for collecting information on US clients arrives in September, one expert has said.
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Canada Life Int’l hires new chief financial officer
Isle of Man-headquartered, Canada Life International, has recruited a former actuary from Zurich International to work as its chief financial officer.