Managers of Wealth Asia Pacific

Bendigo plays trade practices card on default funds

Bendigo and Adelaide Bank has added its voice to the calls for the Government to change the default funds under modern award regime and open it to all eligible MySuper products.

Former Prime Trust directors launch appeal against ASIC bans

The former directors of failed retirement village owner Prime Trust directors – including company founder Bill Lewski and former federal health minister Michael Wooldridge – are appealing a Federal Court finding that they breached their duties

China and Hong Kong broaden financial ties through funds

China and its special administrative region of Hong Kong on Friday announced they will allow cross-border sales of investment funds to retail investors, saying it will increase financial cooperation.

Saxo sues 12 clients after franc turmoil

Saxo Bank, a Danish broker bank stung by losses on Switzerland’s surprise revaluation of the Swiss franc, sued 12 currency-trading clients in Singapore in the latest lawsuits stemming from January’s exchange-rate turmoil

Dr M demands criminal probe after claiming 1MDB’s Cayman ‘cash’ cover-up

The former prime minister said the Finance Ministry’s confirmation that the sum was in assets directly contradicted Prime Minister Najib Razak’s previous parliamentary reply that 1MDB’s funds were brought back from the Cayman Islands and

Genworth Financial faces lawsuit for Australian arm

US pension fund New Bedford Contributory Retirement System has joined a class action against Genworth Financial

Why RM13 billion 1MDB investments may not be worth much

First, it was said to be cash. And now it is described as units. - See more at: http://www.themalaysianinsider.com/malaysia/article/why-rm13.38-bil-1mdb-investments-may-not-be-worth-much#sthash.4AT5sMOt.dpuf

Tax residency of companies

New rule leaves room for discretion in determining whether a foreign company can be said to be resident in India

Foreigners can bid for Woori: FSC

Regulator’s new head says he is determined to succeed this time

Central bank tightens investor LVRs

The changes apply specifically to Auckland, which has been experiencing a Sydney-like boom.

UAE firm sues Korea over taxation

The National Tax Service (NTS) imposed the tax on Hanocal in 2010

Leading law firm launches global team providing offshore and legal advice relevant to tax

Having advised financial institutions, multinational corporates, funds and asset managers on offshore and legal advice relevant to tax for many years, the firm has now drawn together a team of partners with specific tax expertise.

Submit proof to freeze Abhishek Verma's bank account, says Liechtenstein to ED

This is the second time that Liechtenstein authorities have refused to share the details with Indian agencies.

China Unleashes Bonds to Tackle Local Debt

China looks to tighten screws on MMFs

The China Securities Regulatory Commission is looking to further regularise the country’s booming money market fund sector by proposing greater risk control, liquidity and information disclosure measures, among other factors.

Sebi notifies norms for mutual funds managing offshore money

These regulations would be called the Securities and Exchange Board of India

Finance Ministry: IMDB funds from Cayman Islands are kept in BSI Bank

It also stated that the ministry is amending its answers to Pua in March stating that the Cayman Islands investment funds were redeemed in the form of cash and are still kept in BSI Bank in US currency.

Deacons advises on the first RQFII exchange-traded fund tracking the ChiNext Index

The fund listed on the Hong Kong Stock Exchange on May 15th 2015.

FMA removes offshore firms from Register

The FMA has been reviewing referrals from the Registrar where there are concerns about whether the substantive business activities of a firm require it to be registered on the FSPR in New Zealand.

RBI Plans Cybersecurity Arm for Banks

Security Leaders Welcome Regulator's Help Setting New Standards

Legal, Regulation & Compliance