Life
China curb on credit card premium payments hits insurers
China’s reported crackdown on capital outflows by restricting the use of a major credit card to purchase insurance products in Hong Kong hit shares of some of the region’s top insurers on Wednesday.
China sets new rules for insurance companies
China’s foreign exchange regulator has officially implemented a new capital and risk regime for insurance companies, according to the Chinese news agency Xinhua.
EU starts the countdown to IDD, set for Feb 2018 start
The Insurance Distribution Directive (IDD), which will regulate the distribution of insurance products across the EU, will come into full force by February 2018.
Old Mutual buys AAM Advisory, focuses on Singapore and HK
Old Mutual Wealth has today signed an agreement to buy the Singapore-based expat-focused financial advisory firm AAM Advisory as part of its plans to concentrate the Old Mutual International business on only two core markets in North and Southeast Asia.
MetLife expands support for UK financial advisers
MetLife is to step up its efforts to support financial advisers in the UK by launching a nationwide series of roadshows focused on now to take greater advantage of the new pension freedoms.