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Lacklustre UK GDP growth at 0.4% in Q1

We are in a decade of intermittent crashes – HSBC

The traditional way of composing strategic asset allocation has changed, according to Keith Swabey, senior product specialist of multi-asset at HSBC Asset Management.  With the crashes of 2008, 2011 and 2013 in mind, this could be named the “decade of intermittent crashes,” according to Swabey. “After the 2008-2009 crisis the ability to make asset allocation

Lacklustre UK GDP growth at 0.4% in Q1

Singapore outpacing Hong Kong for millionaires

The population of millionaires in Singapore is expected to grow by more than 18.3% by 2020, compared with 15.6% in Hong Kong.There were 154,189 high-net worth individuals (HNWIs) in Singapore in 2014 holding $806.3bn (£530.5bn, €756.1bn) in wealth, according to a report from WealthInsight. This compares with 193,553 HNWIs in Hong Kong, collectively holding $1.1trn in

South African ‘RDR’ is call to arms for industry

South African ‘RDR’ is call to arms for industry

Life companies in South Africa could “run into trouble” if they do not start working on changes to their businesses soon, said a senior figure for Old Mutual, ahead of the country’s imminent Retail Distribution Review. The reforms will replace commission payments with fees for advice, similar to legislation introduced under the RDR in the


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