AIA launches China pensions offensive
Insurance giant launches group pensions plan targeting SMEs and multinationals with China subsidiaries.
American International Assurance has introduced its first defined-contribution program for the China market covering companies in Beijing, Guangzhou, Shanghai and Shenzhen.According to Allan Lam, Hong Kong-based Asia global pensions sales director for parent company American International Group, the product is similar to the Orso [Occupational Retirement Schemes Ordinance] plans AIA has been managing in the Special Administrative Region for the past 30 years.Employers in China can est…
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