Securities firms will be allowed to design more diversified trust products, enabling them to better meet customers' financial planning needs, the FSC said.
August 11, 2022The new user-pay model will reward good performance and early resolution while apportioning fees fairly based on the actual use of AFCA’s services.
June 2, 2022The product was launched by a BlackRock-CCB joint venture, the first foreign-controlled institution that was approved to take part in private pension pilot trials.
April 28, 2022Under the new model, about 20% of AFCA members would experience a decrease in fees, while 70% would see no impact.
March 16, 2022The expansion will allow all pension insurers in China to participate in the scheme. So far only six insurers have participated in two pilot areas.
February 25, 2022HSBC reached an agreement with its joint venture partner to a remaining 50% equity interest in HSBC Life China in May 2020.
January 6, 2022Individuals can now view information on their investment holdings at SGX's central depository as part of their consolidated financial position.
November 9, 2021The FPA says the formula ASIC uses to estimate the industry funding levy for financial planners is not equitable or sustainable and must be reviewed immediately.
July 29, 2021The former financial planning manager told a client he was required to buy an insurance policy before he could open a corporate bank account.
June 16, 2021The penalty is part of the fallout from a 2019 federal court judgment that Dover Financial Advisers engaged in “false, misleading or deceptive conduct”.
March 9, 2021