Daily Wealth Letter from The Wealth Forums 18 Aug 2016

Reports — By on August 18, 2016 at 12:39 PM
Richard Moir, The Wealth Forums CEO

Richard Moir, The Wealth Forums CEO

Daily Wealth letter

a daily synopsis of the wealth news that’s most relevant, timely and dependable

Compiled and edited by Ian Brodie of The Wealth Forums (www.thewealthforums.com)

NUMBER 278  THURSDAY,  AUGUST 18, 2016

Horror at banker’s salary

Commonwealth Bank boss has been crowned Australia’s highest paid big four banker, taking home $12.3 million in the last financial year. While defending the bank’s reputation amid the CommInsure scandal — which prompted a renewed campaign for a banking royal commission — Ian Narev secured a 50 per cent pay rise.  READ MORE: http://thewealthforums.com/2016/08/18/horror-bankers-salary/

Chinese manager opens Jersey trust

U.S.-listed Chinese wealth manager Noah Holdings Ltd said it has obtained a licence to offer trusts to wealthy Chinese in the offshore financial centre of Jersey, reflecting increased Chinese demand to allocate assets overseas. READ MORE: http://thewealthforums.com/2016/08/18/chinese-wealth-firm-opens-jersey-trust/

Fund sounds warning on UK property

Norway’s Global Government Pension Fund, the biggest sovereign wealth fund in the world by assets under management, is sounding a warning about the state of the British property market in the aftermath of the country’s vote to leave the European Union.   READ MORE: http://thewealthforums.com/2016/08/18/fund-sounds-warning-uk-property/

The Wealth Letter is published every business day by The Wealth Forums: www.thewealthforums.com

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