50,000 Australians wipe out their retirement pots
Following introduction of the government’s early release scheme
Asia
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Over 70% of Singapore under 40s do not have life cover
As SJP uncovers a heavy reliance on family to provide care in illness and retirement
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Global life sales rise by 28% at Aviva
UK operation sees new business increase to £2.9bn in Q1 2020
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Advisers eye ESG as opportunity to grow their businesses
They are ‘responding to the increased demand from clients’ around the world
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Axa partners with UAE insurtech firm on affordable protection
To target over 10 million people across the Middle East, Africa, Asia and Latin America
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PEOPLE MOVES: Momentum Pensions, SFC, Close Brothers AM
Retirement solutions provider CEO to step down as rumoured contender for FCA top job stays in Hong Kong
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Investment firms join forces to ‘empower’ advisers in Asia
There is ‘growth potential’ to bring digital turnkey asset management platforms to the region
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PEOPLE MOVES: Sanlam UK, Deutsche Bank, Invesco
Financial services firm makes C-suite hire, as banking giant hires head of ESG Asia Pacific
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Over half of Hong Kong workers expect retirement pot shortfall
To bridge gap, they will plan to spend less, seek government subsidies, continue working and invest
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Australian wealth managers merge
It will help bolster investment and financial planning operations
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US private equity firm buys 55% stake in Aussie wealth company
‘Further investment over the coming years’ will bolster its retirement planning offering
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NRI status to remain intact for those stuck in India
An extended stay in the country will not count against a person’s non-resident status