Standard Life Aberdeen JV unveils pension products in China
It becomes the ‘first foreign-invested joint venture to receive this approval’ in the country
It becomes the ‘first foreign-invested joint venture to receive this approval’ in the country
As the insurance giant evaluates its other businesses in the country
To provide a ‘flexible and competitively-priced discretionary investment management service’
Firm already disposed of its general insurance business through a joint venture in 2017
It will offer financial advice to clients suffering from personal injury and clinical negligence
Deal is worth $35m and sees the US firm take a 49% stake
Joint venture will ‘provide life-after-settlement investment advice’
Just four months after entering into the partnership
Authorities could be incentivised to act quickly to boost foreign investment post-coronavirus
With 50% stakes in life and reinsurance firms sold to the Tokyo-based partner
After receiving approval from the Chinese regulator
It will allow foreign investors to own up to 51% before scrapping the limit during 2020