Fraying of Allianz-Income deal a shocker

German insurer Allianz and NTUC Enterprise were informed of the rejection shortly before the government decision was made public. — The Straits Times

SINGAPORE: It was to be a marriage of convenience but those involved are now faced with much inconvenience.

The fraying of the proposed union between German insurer Allianz and Singapore’s Income Insurance has left people close to the matter shell-shocked and red-faced.