The UK-based insurer says it remains committed to its two remaining markets of Hong Kong and China despite industry headwinds, saying it has switched its focus to affluent clients.
The Monetary Authority of Singapore has set out recommendations from its Financial Advisory Industry Review. Insurers may be relieved the rules don't go as far as some expected.
The nation's securities regulator has granted mutual fund distribution licences to four independent financial advisers, which will aim to gain market share by providing professional fund services.