SUBSCRIBERS
Manulife abides by LIA rules on pay
Published Wed, Jul 13, 2016 · 09:50 PM
WE refer to "Tussle for insurance agents, financial advisers intensifying" (BT, July 9) and would like to clarify some points.
The article said "MFA has continued to aggressively woo other agents with pay packages of up to 180 per cent of past annual income - exceeding the 150 per cent ceiling recommended under the Life Insurance Association Singapore (LIA Singapore) and agreed to by its members".
This is incorrect.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access