Manulife Hong Kong has launched ManuGlobal Saver - a product designed to meet the growing demand among people looking to capture opportunities both locally and globally for long-term wealth accumulation.
The initial public offering (IPO) of the country's largest life insurance company Life Insurance Corporation of India (LIC) has subscribed 1.79 times at the end of May 8, the fifth day of bidding.
They may have a personal wealth of at least S$2 million (US$1.48 million) in assets, but 44% of high net worth women in Singapore do not feel confident about their financial future, according to a survey commissioned by Prudential Singapore.
Ping An Bank, the subsidiary of Ping An Insurance (Group) Company of China, has topped the rankings in Euromoney's Annual Global Private Banking and Wealth Management Survey for Best China Family Office Services.
"Now is the time for financial services companies to take advantage of the opportunities stemming from the Greater Bay Area, in order to ensure that they are primed to meet the customer demand moving forward," said Henrik Naujoks, Bain & Company's Asia Pacific Financial Services Leader, and co-author of the report "Are You Ready for the Financial Services Opportunities of China's Greater Bay Area?".
DBS will hire more than 650 financial planning advisers and with Manulife Singapore, has created a commission-only insurance consultant role that provides both flexible hours and institutional support.
Exits from the financial advice industry have resulted in a significant advice gap, with many Australians unable to access advice in an economical manner, according to global management consultancy Oliver Wyman.
A new study, HSBC FinFit Index, measures the financial fitness of Singapore residents based on four aspects - financial habits, financial knowledge, financial security & safety, and financial planning.
Transamerica Life Bermuda (TLB) has announced that Mr Jeremy Young is appointed as its global Head of Sales & Distribution, and Mr Benjamin Chua, Head of Finance for its Singapore Branch Office, has received regulatory approval from the Monetary Authority of Singapore (MAS) to assume the additional role of Chief Executive for TLB in Singapore.
Manulife Vietnam and Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) have signed an agreement to establish an exclusive 16-year bancassurance partnership to better serve the growing financial and insurance needs of the Vietnamese people.
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