Royal London, the UK’s largest mutual life, pensions and investment company, has posted strong growth in its pension and protection business driven in large part by sales to customers introduced by financial advisers.
European equity funds experienced their largest ever monthly net outflows in July, beating the previous record set in January 2008, according to Morningstar fund flows data.
Insurance giant Allianz and France’s Axa are locked in a bidding war to acquire the distribution rights to sell insurance products through Standard Chartered channels in Asia.
Global wealth and asset manager Lombard Odier has signed a strategic agreement with UnionBank to offer its investment solutions to onshore private clients in the Philippines in a move that further expands the firm’s footprint in Asia.
The former chief executive for Asia of Swiss private bank BSI has settled a lawsuit against the bank for freezing his bonus, two months after Singapore’s regulator, in a rare move, ordered that the bank be shut down.
In the first half of the year, 60% of Asia’s outbound property investment was from mainland China, according to CBRE Asia-Pacific.
The Hong Kong-based fund manager Value Partners Group has revealed a large drop in assets under management, revenue, net profit and earnings per share for the first half of 2016, while announcing new hires and a new UK office.
The average net expense ratios of European-domiciled funds have come down across the board since 2013, according to a study by Morningstar.
Hong Kong’s life insurance market cannot sustain the high level of growth it has seen in recent years due to weak domestic demand and new regulations imposed by the Chinese government, a report by credit rating firm A.M. Best has found.
Pension liberation scams are increasingly being endorsed by FCA-regulated financial advisers, advocacy group Pension Life has warned.
Tax advisers and accountants in the UK who help clients avoid paying tax could face fines of 100% of the tax avoided, according to new proposals being considered by HM Revenue and Customs (HMRC).
The Shanghai-based wealth manager Noah Holdings has set up a trust with international service provider JTC in Jersey to address the increasing succession planning needs of its high net worth clients in China.
