Seven US states sue regulator over client transparency policy
They argue that retail clients are still exposed to potential harm
Legal
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Prudential in court over mass tied agent exodus in Singapore
Insurer blames former employee for nearly 250 agents resigning – resulting in a S$2.5bn loss
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Rogue Aussie adviser jailed for 10 years
Convicted of stealing nearly A$5m and ‘other dishonesty offences’
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Using offshore trusts for high net worth individuals
Cutting through the mystery that often leaves clients feeling confused
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Anti-money laundering regulator inundated with reports
With too many ‘low-quality’ submissions undermining enforcement work
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Wealthy turning to litigation funding to cover legal costs
But what do HNWIs and their advisers need to know about using it to bring a claim?
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Aussie law firm officially files class action against AMP
It is seeking compensation for fund members who paid ‘unreasonable fees’
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Royal Commission sparks Aussie wealth manager lawsuit
Law firm said ‘management must have known that its conduct was risky legally and reputationally’
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US global insurance boss charged with political bribery
He tried to get the commissioner for insurance to favour his companies
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Australian investors get only A$1.5m back after class action
Around 4,000 people lost A$388m to the collapsed property investment scheme
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Strong appetite for collective pensions as UK approves scheme
Majority of responses to consultation in favour – but concerns remain
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‘Heaviest’ sentence for dishonest Aussie financial adviser
Planner received a 10-year jail term after clients lost over A$5m