FPI sales buck group decline
Friends Provident International (FPI) saw a 12.3% increase in business in 2008, growth the company said was aided by the recent plunge in sterling.
News
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Single broker blamed as Brandeaux puts brakes on its property fund redemptions
Brandeaux, the London-based property fund manager, has become the latest in the real estate sector to suspend redemptions. Before implementing the measure, the firm had been bucking the industry
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Investor exodus continues
Asset management houses are slashing budgets, staff numbers and closing, merging or restructuring funds as they struggle to survive the global financial downturn.
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The two engines driving emerging market strength
China and technology are playing key roles in driving the emerging markets sector from strength to strength, according to the latest data from Morningstar Investment Management.
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Fragmented Hong Kong IFA market must engage with regulator
Hong Kong’s advice market needs to find a common voice to engage with the regulator to help drive improvements across the industry.
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Obama signs bill with hidden provisions affecting
President Obama yesterday signed into law a bill which contains little-publicised elements that are expected to impact non-US financial institutions, funds and collective investment structures.