Thai capital adequacy reforms welcomed by advisers
Moves by Thailand’s regulator the Securities and Exchange Commission to boost capital requirements have been welcomed by expat advisers.
Moves by Thailand’s regulator the Securities and Exchange Commission to boost capital requirements have been welcomed by expat advisers.
The Asset Management Association of China (AMAC), the fund industry’s self regulatory body, has sharply criticised an online fund marketing campaign launched by a wealth management arm of e-commerce giant Alibaba, involving 16 fund managers.
A taskforce to examine how the £8trn ($10.6trn, €9.1trn) UK asset management business can beat the Brexit blues will be set up by the Treasury, City minister Stephen Barclay has revealed.
China has cut and again pushed back plans to levy a value-added tax on asset managers for returns on assets under management, adding a further six-month reprieve on an already 14-month grace period.
Plans by the UK’s Financial Conduct Authority to crackdown on excessive asset management fund charges and improve competitiveness in the sector has been met with a flurry of contradictory responses from different parts of the financial services industry.
Investors could see fund costs soar by £27.7m a year as asset managers pass on the expensive burden of satisfying new FCA regulations.
When investors decide to buy a fund that charges higher-than-average fees, they presumably do so because they expect the manager to compensate for this by delivering outperformance.
With the final report from the FCA’s market study of asset management due on Wednesday morning, speculation is rife about what the long-awaited recommendations could say. We look at the five groups who could face the repercussions.
What could the potential fallout be for asset managers when Asia’s regulators eventually replace the commission-based wealth management model with a fee-based one? Ben Cherrington, head of intermediary channels in Asia Pacific at M&G Investments, shares some key changes in the UK, which decided to make the leap to fee-based in 2013.
The headlines say fund groups’ profits fell, but what else can we learn from McKinsey & Company’s Asset Management 2017 report into the European funds industry?
New data has revealed the most generous asset managers in terms of salary – so how much exactly does a director, VP, associate or analyst across Europe actually get paid?
Asset manager BlueBay has hit the headlines for shorting sterling on predictions of a likely ‘hard’ Brexit, but as an industry are we still burying our heads in the sand?