MassMutual Int’l sells Hong Kong-based life business
Yungfeng Financial Group and several Asia-based investors will collectively hold 100% of the company
Asia
-
-
Prudential to expand its Chinese presence
Chief executive Mike Wells wants to ‘grow into the footprint quickly’
-
Middle East should learn from Hong Kong’s evolution
Pressuring firms to appoint new leadership could also drive change
-
‘Complex product’ regulations could limit HK distribution
Some distributors in Hong Kong may avoid ‘complex products’ because of the added risk of being non-compliant
-
Deutsche Bank eases payment issues for Indian students overseas
India is one of the fastest-growing source countries for international students
-
UK and Japan top global retirement savings index
Retirees should put aside seven times their household income compared to at least 10 times elsewhere
-
‘Radical overhaul’ for Australia’s life insurance code of conduct
Revamp aims to lift standards in product design, sales, underwriting and customer service
-
More investors than ever consider ESG integration
In the US alone $12trn is under management with ESG-integrated companies
-
Schroders to offer direct services to South African clients
Firm’s Singapore arm partners with Malaysian asset manager to develop investment solutions
-
NRIs flock to invest in Kerala regular savings scheme
It aims to raise $1.38bn for infrastructure development in the flood-hit Indian state
-
Over $2bn in unclaimed funds held by Indian insurers
Nearly 70% of the funds are held by the country’s biggest life insurer
-
Australians have more in pension pot than they expect
A new study found people will be financially comfortable in retirement, contrary to popular belief