Asia
Hong Kong tops most expensive expat hub rankings
The majority of the priciest places to live as an expat are in Asia.
Australian advisers told to get registered or face exams
The Australian Securities and Investments Commission (Asic) has told financial advisers they must get registered under the country’s new professional standards reforms, or else they will have to sit an exam.
Asia fund flows boost SJP results
St James’s Place Asia boosted gross new funds by 51% in the first six months of 2018, helping to push group gross inflows to £7.9bn ($10.4bn, €8.9bn), an increase of 15% compared with the first half of 2017.
Australia looks to rate 1,800 adviser licensees
In a bid to restore faith in the country’s financial services industry, the Australian government is considering a proposal that will rate 1,800 financial advice licensees.
Independent advisers move up as Asia private banks retreat
The high minimum amount to open a private bank account is creating opportunities for small boutique wealth managers, according to Simon Parfitt, director at Hong Kong-based Pyrmont Wealth Management.