MRF won’t harm HK unit-linked sales: Metlife’s Yuen
Hamilton Yuen, MetLife's HK head of product development, is upbeat about the prospects for unit-linked products, despite tighter rules around their sale and the arrival of mutual recognition.
Mutual recognition of funds (MRF) between Hong Kong and China will not harm sales of unit-linked products to Chinese investors in the special administrative region, argues US insurer MetLife's Hong Kong head of product development.
Hamilton Yuen also saw new regulations around the sale of investment-linked assurance scheme (Ilas) products as a positive for the industry, despite a fall in premiums since the rules came in on January 1, 2015. Ilas products offer access to mutual fund…
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