Jun 6, 2025 Manulife (International), the largest pension provider in Hong Kong, has announced its plan to redomicile from Bermuda to Hong Kong in November. This decision, outlined in a notice sent to customers, underscores the company’s confidence in Hong Kong’s standing as a global financial center. The move positions Manulife (International), a subsidiary of…
Fees charged by Hong Kong’s Mandatory Provident Fund have dropped by 36 per cent since the launch of its centralised digital platform last year, with more than 2.7 million members and 70,000 employers to be managed under the new system by August, the scheme’s chief has said. But Mandatory Provident Fund Authority chairwoman Ayesha Macpherson…
Fees charged by Hong Kong’s Mandatory Provident Fund have dropped by 36 per cent since the launch of its centralised digital platform last year, with more than 2.7 million members and 70,000 employers to be managed under the new system by August, the scheme’s chief has said. But Mandatory Provident Fund Authority chairwoman Ayesha Macpherson…
Canada’s biggest insurer Manulife Financial has appointed its chief actuary Steve Finch to head its Asian business, picking a company veteran to take charge of a region that is projected to become the group’s single most profitable market. Finch will bring more than three decades of industry experience to his new role as president and…
Life insurance sales soared to a record in Hong Kong last year, as customers rushed in from the Middle East, Southeast Asia and mainland China. Sales grew 15.7 per cent in the first nine months of 2024 to HK$169.7 billion (US$21.8 billion), from HK$146.5 billion in the same period in 2023, according to the Insurance…
A top executive in Hong Kong for insurance firm Manulife has lashed out at his employer for its “clinically dumb” underwriting policies for people with autism, such as his son. Damien Green, chairman of Manulife Financial Asia, slammed the company in a social media post on Tuesday, while members of the neurodiverse community told the…
The adoption of artificial intelligence (AI) in Hong Kong is on the rise, as enterprises look to deploy advanced computing infrastructure in their premises and in the city’s data centres, according to industry experts at a recent tech event. “We understand that businesses are eager to jump on the AI bandwagon to improve their efficiency…