Asia
India passes stricter beneficial ownership rules
Amendment requires every significant beneficial owner of a company to be declared
Retirement care costs in Hong Kong to rise sixfold in 40 years
The number of retired people in need of care will rise to 11% of the overall population
Hansard Global inches closer to Japan licence
But long-term savings provider reports ‘mixed results’ as it repositions its business
Canadian firm unites global wealth and asset management arms
The operational changes will make it ‘better positioned to organically grow assets’
Hong Kong reverse mortgage product to support retirement
It will use a life policy as ‘collateral to draw down loans’