Asia
China raises ownership cap on joint-venture life firms
It will allow foreign investors to own up to 51% before scrapping the limit during 2020
Singapore financial planner charged with insurance fraud
Clients were allegedly cheated out of more than S$22,000 in premiums
AMP to phase out ongoing advice agreements
To be replaced with annual ones following Royal Commission recommendations
New York Life Investment sets up Hong Kong office
Boutique plans to distribute funds to professional investors in the special administrative region
Aussie regulator bans cold calls for life products
Days after it won a court case against an insurance provider