You are here

PRUDENTIAL LAWSUIT

Departure of 244 agents 'a long time coming', says defence lawyer

Defence says that 1,137 people left Prudential in 2016, a record number even if the 244 defecting agency leaders and agents were excluded; cost-cutting by life insurer added to unhappiness

BT_20190831_STPRU31_3878817.jpg
Prudential's former top agency manager Peter Tan is being sued for allegedly instigating a mass defection to rival insurer Aviva Financial Advisers in mid-2016.

Singapore

THE departure of 244 agents and agency leaders from Prudential Assurance Company Singapore in 2016 was "a long time coming", with a cost-cutting exercise by the life insurer adding to unhappiness, the High Court heard on Friday.

Regardless of whether Prudential's former...

sentifi.com

Market voices on: