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FWD signs insurance distribution deal with Vietcombank

SINGAPORE: Insurer FWD Group has agreed to acquire a unit of Vietcombank, Vietnam’s largest listed lender by market value, and forge an exclusive 15-year bancassurance tie-up with the bank, in a deal which one source said is valued at about US$400mil.

Wealthy amass record US$121bil in tax-sheltered accounts

NEW YORK: It’s better to give than to receive, the saying goes. But to give, receive an immediate tax deduction and then dole out charitable dollars at your leisure is even better, judging by a recent report.