Zurich Life Singapore sold to new local insurer
The city-state’s newest insurance company Singapore Life is to acquire the business portfolio of Zurich Life Insurance (Singapore).
Singapore
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Finance minister floats Singapore wealth tax
Singapore’s rich could face a tax on their privately-held wealth if the city-state’s finance minister follows through on an off-the-cuff remark he made on Thursday, but analysts are worried it could negatively impact Singapore’s reputation.
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‘Greying Singapore’ embracing life insurance
Singapore’s life insurers have reported a strong 2017 sales with three-quarters of Singaporeans now covered.
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The Fry Group launches Singapore discretionary service
Global financial advisory group The Fry Group has launched a discretionary investment service in Singapore, giving clients the option to delegate some or all of their ongoing investment decisions to the firm.
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Charles Schwab targets Asian investors with Singapore office
US investment and financial planning firm Charles Schwab has opened an office in Singapore to provide local and Asian investors greater access to the US market.
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Goldman Sachs execs grilled in 1MDB probe
Singapore’s economic crime unit has interviewed current and former Goldman Sachs executives over their links to beleaguered sovereign wealth fund 1Malaysia Development Bhd (1MDB), reports Bloomberg.
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China adds 101 billionaires
There were nearly three times as many new Chinese billionaires than US ones last year, helping to make Asia home to the most billionaires for the first time and driving the global population to 1,542, according to a report from UBS and PwC.
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Adviser recruitment review positive for clients in Singapore
Most IFAs in Singapore believe that a review of the industry’s recruitment practices by the city state’s Life Insurance Authority (LIA) will have a positive impact on client outcomes.
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Future Advisory Forum Singapore 2017
IA presents photo highlights from the event, which was held on 12 October at the Marina Mandarin Hotel in Singapore.
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StanChart in $1.4bn suspect transfer probe
Standard Chartered is under investigation in Guernsey and Singapore over a $1.4bn (£1.07bn €1.2bn) transfer of funds.
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Billionaire slams scammers using his image
After his name and image were used to defraud members of the public, a billionaire entrepreneur and investor from Singapore has filed two police reports and issued a public warning.
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Adviser recruitment under scrutiny in Singapore
In a bid to curb mis-selling and provide a framework for how advisory businesses can recruit from rival firms, Singapore’s Life Insurance Association (LIA) is reviewing its policies and is planning to issue new guidelines.