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Insurance giant launches advisory arm in Singapore

By Robbie Lawther, 3 Aug 20

As it reveals a ‘series of new products’ are in the ‘pipeline’

Manulife Singapore has unveiled Manulife Advisory Group, a remodel of its proprietary agency channel, designed to offer a wider range of offerings to customers.

Operating under an open architecture system, customers will have a wide range of insurance solutions and investment products to fulfil their “protection needs and wealth creation ambitions”, as Manulife Singapore partners with multiple insurers and investment platforms.

Products will include Manulife’s signature products like LifeReady Plus and InvestReady Wealth, alongside a “series of new products in the pipeline”.

Adviser help

Manulife Singapore will dedicate resources for regular and rigorous training for advisers.

All representatives under Manulife Advisory Group are accredited under the Institute of Banking and Finance Singapore’s Standards Training Scheme (IBF-STS).

The streamlining of its multi-channel distribution network is a “response to the evolving market, with a growing demand for customised solutions across varying needs among an increasingly sophisticated customer base”.

Jenny Teo, chief financial advisory officer of Manulife Singapore, said: “Our goal at Manulife Singapore is to consistently improve our offerings to continue exceeding the high expectations our customers have set for us.

“This is both in terms of the solutions that we offer and the way in which we deliver them.

“We see this transformative undertaking as a timely way to ensure we continue to serve customers in the best way that we can, not just through an extensive range of bespoke solutions, but also with highly-trained advisors whose priority will be to safeguard their ever-evolving needs and wants through the seasons.”

Social distancing

At the height of the pandemic, Manulife Singapore was one of the firsts in the region to launch a secure non-face-to-face advisory sales process, allowing customers to speak to advisors and sign-off on plans all from the comfort of the homes.

This process will continue to take precedence with all advisers under Manulife Advisory Group.

Tags: Manulife | Singapore

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.