HK and Singapore boost Asia sales at Aegon
Aegons new life sales in Asia almost doubled to 27m in Q3 2014, despite the company recording quarter by quarter drops in many of its other life divisions.
Aegons new life sales in Asia almost doubled to 27m in Q3 2014, despite the company recording quarter by quarter drops in many of its other life divisions.
Companies must start preparing ahead of the 2015 Guidance Note on Underwriting regulaions in Hong Kong if they want to keep ahead of the competition, says David Halley, managing director of Capstone Financial (HK).
Authorities in Hong Kong and China have approved the launch of the Hong Kong-Shanghai stock connect pilot scheme, setting the start date for November.
First State Investments is planning to launch an absolute return strategy in Asia during the first half of next year.
The ASEAN collective investment scheme framework will take time to gain traction as the real challenge lies in penetrating the local distribution networks, according to research firm Cerulli Associates.
The current sell-off in global stockmarkets appears to have been forecast by respondents to Friends Provident International’s most recent investor sentiment survey.
Two former directors of Salisbury Securities have been given a life ban from the industry after they used client investments for personal and business expenses.
Founder of Hong Kong Asset Management Tony Arkey has joined Capstone Financial to help build an in-house discretionary management platform as part of its ongoing strategic response to the GN15 regulations impacting on ILAS sales.
Hong Kong based Pacific Sun Advisors and its director Andrew Mantel, have been granted leave to appeal against a conviction they were handed last year.
Tom Dunbar, principal at NMG Consulting, has said the offshore life industry is well placed for the future but must work hard to adapt to ongoing regulatory changes and geographical shifts over the coming years.
Last Word Media celebrated eight years in Asia last week in spectacular style with two parties in Asia’s leading financial hubs.
State-owned Chinese conglomerate CITIC and five of its former directors are facing legal action from the Hong Kong authorities which allege they provided false or misleading information when the firm incurred “massive losses” in 2008.