Asset Management
Thai capital adequacy reforms welcomed by advisers
Moves by Thailand’s regulator the Securities and Exchange Commission to boost capital requirements have been welcomed by expat advisers.
China’s fund association lashes out at marketing gaffe
The Asset Management Association of China (AMAC), the fund industry’s self regulatory body, has sharply criticised an online fund marketing campaign launched by a wealth management arm of e-commerce giant Alibaba, involving 16 fund managers.
Govt sets up asset management taskforce
A taskforce to examine how the £8trn ($10.6trn, €9.1trn) UK asset management business can beat the Brexit blues will be set up by the Treasury, City minister Stephen Barclay has revealed.
China cuts and delays VAT levy on asset managers again
China has cut and again pushed back plans to levy a value-added tax on asset managers for returns on assets under management, adding a further six-month reprieve on an already 14-month grace period.
Best Practice | 28 Jun 17
UK finance industry conflicted over asset management review
Plans by the UK’s Financial Conduct Authority to crackdown on excessive asset management fund charges and improve competitiveness in the sector has been met with a flurry of contradictory responses from different parts of the financial services industry.