Managers of Wealth Asia Pacific

Super fund renews admin contract

The key terms of the contract include a fixed core fee in conjunction with variable based fees for core engagement services, transactional fee and fee for service charges for additional services.

IOOF establishes super trustee office

Specifically, IOOF pointed out it has now actioned four items relating to the implementation of the Office of the Superannuation Trustee, which it failed to set up before its March 31 deadline earlier this year.

DLF Investors Could Lose 95% of Principal If Interest Rates Remain at Current Level

DLF and DLS products are derivatives linked to the interest rates of major countries.

ASIC to review industry transition towards ending grandfathered remuneration for financial advice

ASIC will also investigate any impediments to this transition, and the extent to which benefits are being passed on to affected clients.

The views of participating shareholders prevail in solvent liquidations

As a matter of general principle, the court accepted that in the context of an investment fund

Appleby Helps Over 1,500 Clients With Economic Substance Tool

We pride ourselves in providing comprehensive, multi-jurisdictional legal advice at the times most beneficial to our clients

China’s Central Bank Bids to Join the Grown-Ups

Setting a regular date and time for a new rate brings Beijing closer to peers such as the Federal Reserve and European Central Bank.

ASIC accelerates enforcement

In the same period last year, just 68 people were banned from providing financial services or credit.

80 Percent of Thai Wealth Held Onshore

Lombard Odier’s ventures into building onshore revenue lines have been supported not only by its investment capabilities but also through effective delivery to meet non-investment needs.

Singapore to raise retirement age reflecting global trend

Countries around the world are increasing retirement ages as they face demographic pressure and slowing economies

NAB obtained evidence from UAE against Zardari money laundering

The arrest warrants against Nasser Abdulla have been cancelled; however, the final decision on his plea to become the approver will be made by NAB Chairman Justice (r) Javed Iqbal.

ANZ, NAB to call for clarity at lending inquiry

Representatives from NAB and ANZ will speak at a public hearing in Melbourne on Monday held by the Australian Securities and Investments Commission regarding its revised Regulatory Guide 209

Goldman’s Star in Hong Kong Turns Into 1MDB Scandal’s Enigmatic Man

Now as the U.S. weighs how to handle Goldman Sachs, Vella is the mystery man to watch.

Woori, Hana Bank face inspections for mis-selling allegations

The DLFs that have come under scrutiny are those comprised of DLS products that have been tied to yields on Treasury bonds of Germany, the U.K. and the U.S.

The way back to black: Saving a sinking company is tricky in a sea of divergent interests

Sometimes, these companies are just collateral damage in a sector downturn - for instance, the 2015 oil price rout that claimed companies such as Swiber Holdings, Ezra Holdings, Pacific Radiance and Technics Oil & Gas as hapless victims.

NZ Inland Revenue lays out ruling on how to pay staff in cryptocurrency

There will be strict rules, and different types of cryptocurrency will be taxed differently.

Hong Kong Faces New Threat as Chinese Companies Reconsider IPOs

Another banker said at least two companies are considering the same move for IPOs worth a combined $1 billion, adding that final decisions will depend on market conditions and whether the turmoil in Hong Kong eases.

CRS reveals Australians holding $100bn in offshore accounts: reports

The CRS exchanges financial and tax-related information between states that includes account balances, names of account holders as well as any income accrued from investments, dividends or asset sales.

ASIC bans adviser again

This was in conjunction with an undertaking from Aujla not to provide financial services, apply for either an Australian financial services licence or become an authorised representative of an AFSL for the full period.

Government fund seeks investment manager

ABSF will aim to lend $2 billion over time to lenders providing loans to small and medium business owners.

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