AMP accused of undervaluing businesses in sale; China insurers' stock buying rules to be eased; HK MPF returns sour; NPS premiums likely to climb, GIC adds to board, and more.
Australian bodies urge postponing IFRS 17 implementation; Swiss Re, Temasek and others weighs Anbang investment; HK retirement system criticised; Dai-Ichi invests into cybernetics, and more.
Bringing in a European with a record of turning around businesses at the top may not solve the Australian investment and insurance group's credibility problem, say industry observers.
Assets under management were boosted by investor demand for infrastructure-related investing, AsianInvestor’s latest AI100 survey shows.
Despite strict regulations, lax corporate governance and a low qualification threshold for advisers are partly to blame for the alleged criminal behaviour at AMP.
Revelations of malpractice by the Australian investment and pensions firm will reverberate across Asia, where it has a big base of clients and partners. The group is tipped to be split up.