Expatriates in Hong Kong are often making inaccurate assessments about their insurance policies, with many overlooking the importance of having critical illness cover to protect themselves and their families, an FPI report has revealed.
Combined fund management business in Hong Kong increased by over 10% last year to reach a record high of $16.7bn, including a contribution of over $12.4bn from international investors.
First State is to launch a trio of Asia funds as it seeks to establish the reputation of its new Stewart Asia team.
Generali International’s sales manager for North Asia, Nick James, has left the company after spending more than a decade there.
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.
Hong Kong has received 14 applications for products wishing to take part in China’s mutual recognition of funds (MRF) scheme, a new initiative which has loosened the flow of cash between the two regions.
The OECD has backed Guernsey in its fight against tax haven status, describing the crown dependency’s inclusion on the European Commission’s list of top 30 non-compliant tax jurisdictions as “very surprising”.
Hong Kong’s Securities & Futures Appeals Tribunal (SFAT) has backed a decision to fine and reprimand asset manager, Pride Fund Management, for refusing to resolve a financial dispute with a client.
Hong Kong-based advisory firm, the Capstone Financial Group, has unveiled its own discretionary fund management (DFM) service to help centralise client accounts and steer the business towards a fully fee-based structure.
Standard Life is to close its insurance operation in Singapore and will stop accepting new business with immediate effect.
The Organisation for Economic Cooperation and Development (OECD) has spearheaded complaints from a host of countries disputing their “arbitrary” inclusion on a list of tax havens released by the European Commission last week.
The number of complaints made against the conduct of intermediaries who are licensed by Hong Kong’s Securities and Futures Commission (SFC) has more than doubled in a year, the latest figures reveal.
