Prudential Singapore Gets Green Light From MAS for New Financial Advisory Arm

Prudential Singapore Gets Green Light From MAS for New Financial Advisory Arm

by January 16, 2023

Prudential Singapore announced that it has received approval from the Monetary Authority of Singapore (MAS) to set up a new financial advisory firm.

The company said in a statement that the new firm will offer a wider range of products and services to its customers that are complementary to its life insurance offerings.

This includes wealth solutions and general insurance such as travel insurance and motor insurance.

The financial advisory firm adds to Prudential’s existing distribution channels comprising a tied agency of more than 5,000 financial consultants, exclusive bancassurance partners – United Overseas Bank (UOB) and Standard Chartered Bank (SCB) – as well as digital channels such as the Pulse by Prudential app.