Industry firms stump up nearly $20 million in seed capital in order to finance a state-backed online venture meant to reduce traditional distributors’ stranglehold.
Tag : fss
Towers Watson and the Financial Supervisory Service both reckon corporate pension assets could hit $45 billion by the end of this year after doubling in 2010.
Risk management and mis-selling of investment products dominate the agenda for the funds supervisory division at the FSS.
The first phase of allowing leverage and shorts should be in place by the end of 2009, says the regulator.
The FSS questions why banks charge front-end loads on an annual basis.
Korea's government wants to energise the local high-yield market but hasn't seduced fund managers and distributors.