Asset managers, advisers and distributors in India say planned rules to separate provision of investment advice from sale of mutual funds will hamper investment industry growth.
Advisers in Hong Kong and Singapore are downbeat about revenue growth for the coming year, in the belief that clients will pull money from markets as interest rates rise.
A revolution in products, fees and advice will come to Asia sooner or later, heads of the regional wealth management industry tell AsianInvestor's Fund Selector Forum in Singapore.
Hong Kong financial advisers are more concerned about the potential impact of changing rules than their peers in Singapore, pointing to a communication breakdown, finds a Skandia survey.