Full performance picture? Onus is on insurers
IN the spirit of sharing as the holiday season approaches and for the benefit of consumers, the life insurance industry really ought to get their act together and come up with a clear industry standard to present their investment performances for participating funds.
In this, the Monetary Authority of Singapore (MAS) can help by nudging the industry players along to hash out a standard format.
This suggestion for standardisation follows a BT report on Dec 12 that tabled life insurers' average annualised net investment returns on par funds by duration. The data compiled had shown that the bigger boys fared better than the smaller players over 2006 to 2015.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
London watchdog’s name-and-shame plan is mad, bad and dangerous to the City
Foxconn’s musical chairs sound like punk rock
AI fuels cloud computing boom for tech giants
AMD slides after AI chip forecast misses lofty estimates
IBM wins reversal of US$1.6 billion poaching award to BMC
Binance founder Zhao Changpeng gets 4 months in prison