singapore based uob am fined
The Monetary Authority of Singapore (MAS) has fined UOB Asset Management S$50,000 for failing to issue monthly statements to its customers over a six year period.
News
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uk to set up frozen pension group
The UK government is to set up a so-called working group to look into the issue of frozen pensions, in response to years of pressure from expatriate pensioners and politicians.
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investors throw in the towel for 2011
Investors have sold out and are waiting for the New Year to see “how the land lies”, according to latest fund flows from EPFR Global.
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neuberger berman reveals high yield bond fund
Neuberger Berman has unveiled details of its new short duration high yield bond fund that will sit under its Dublin-domiciled Ucits umbrella.
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step guernsey principal target of new legislation
The STEP Journal, the official magazine for the Society of Trust and Estate Practitioners, has said Guernsey is the principal target of recent QROPS legislation targeting tax avoidance.
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martin currie gem fund opens to investors
Martin Currie’s newly-launched Global Emerging Markets Sicav is now open to UK investors.
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nikko am extends asian reach with indian jv
Tokyo-based Nikko Asset Management has broadened its reach in Asia, with the announcement of a joint venture with Indian company Ambit Holdings Private Limited.
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Syzandco develops cta based proposition
Syz & Co has developed a new product that combines contrasting managed futures strategies to hedge against extreme tail risks.
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russell launches dynamic assets fund
Russell Investments has launched a new single manager fund on its OpenWorld platform, with the objective of capital preservation through exposure to assets with low correlation to more popular investments.
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jersey iom zero 10 regimes approved
The European Council of Finance Ministers today has given the nod to the recently-revised zero-10 tax regimes of Jersey and the Isle of Man, after originally postponing the vote until January.
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soc gen appoints cios in London and Luxembourg
Société Générale Private Banking has named new chief investment officers in both its London and Luxembourg offices.
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court rules pensions reciprocation plans illegal
The UKs High Court has ruled that pensions reciprocation plans, whereby members are able to access cash before they reach age 55 by borrowing against their pension, are illegal.