Annuity
Hong Kongers to buy insurance without meeting intermediary
To avoid unnecessary contact and reduce risk of spreading the coronavirus
Aegon exits Japanese joint venture
With 50% stakes in life and reinsurance firms sold to the Tokyo-based partner
Prudential US fined $1m over inaccurate retirement plans
It sent incomplete information to clients which limited their investment choices
Market demand sparks Hong Kong insurer to unveil annuity plan
Customers can claim a tax deduction on premiums paid up to the sum of HK$60,000 per tax assessment year
Prudential hit with nearly £24m FCA fine
Company says it is ‘deeply sorry’ for failures relating to non-advised annuities sales