HSBC 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, 2021The accounting body has asked the government to consider the adoption of a partial cost-recovery model for ASIC to ease the burden on the financial industry.
February 16, 2021SGFinDex uses SingPass and a centrally managed online consent system to enable individuals to access their financial information held across different government agencies and FIs.
December 7, 2020The FASEA regime has created a barrier to many people who seek to provide advice services and to consumers who seek to access them, says a new Rice Warner report.
October 27, 2020The former financial planning manager falsely represented to a client that taking out an insurance policy was a prerequisite for opening a corporate bank account.
August 13, 2020CBA has offered A$9.3mn to compensate customers whose advice was reviewed under the 2014 licence conditions imposed on its financial planning entities.
April 12, 2019