Singapore

Asia | 4 Apr 13

A top official in the Monetary Authority of Singapore has stressed that the promotion of the island’s Islamic finance industry remains key, even though two tax incentives aimed at promoting it were allowed to lapse recently.

Asia | 3 Apr 13

Singapore’s financial services regulator has published its response to comments it received on proposed changes to the regulation of locally active insurers’ investment activities, and indicated a strong preference for keeping key elements of these insurers’ businesses within its borders.

United Kingdom | 27 Mar 13

Prudential, one of the world's largest insurers, has been fined £30m by the Financial Services Authority and had its chief executive censured for failing to inform the regulator over its failed bid to purchase AIA.

Asia | 26 Mar 13

Singapore-based Henley Group Pte has launched an assessment tool that is designed to monitor the performance of advisers, ahead of the introduction of new regulations covering the delivery of financial advice in the city-state.

Life | 13 Mar 13

Prudential’s “sweet-spot” Asian markets helped the company deliver a 14% increase in new business profit last year, on a European embedded value basis, with Asia contributing almost 20% to new business profit.