HK insurers seen ramping up annuities biz after Budget

Feb 28, 2018

HK’s Financial Secretary Paul Chan said in the annual Budget that deferred annuity products will enjoy tax concessions, raising the appeal of such retirement saving vehicles.

HK insurers seen ramping up annuities biz after Budget

Insurers in Hong Kong could be spurred into sourcing more potential investment products for pension savers after the government said on Wednesday that it is planning to give tax concessions to deferred annuity products.

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