https://www.scmp.com/rss/523899/feed The latest news and top stories on Sun Life. A Canadian-based entity in the financial services sector, Sun Life specialises in life and health insurance, wealth and asset management and retirement solutions. It primarily serves individuals, families and groups and is known for its strong market position in Canada and significant presence across Asia. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Enoch Yiu Enoch Yiu French insurer AXA’s Hong Kong unit, one of the city’s largest life and general insurers, has become the second insurance company to move its domicile to Hong Kong from Bermuda, according to a statement on Monday. At least three other local insurers, including the local unit of Canada’s Sun Life, were planning the same move after a law change in May simplified the process, according to industry players. AXA was the first to begin the process after the rule change, but Manulife International was... https://www.scmp.com/business/companies/article/3341152/axas-local-unit-becomes-second-insurer-redomicile-bermuda-hong-kong?utm_source=rss_feed https://www.scmp.com/business/companies/article/3341152/axas-local-unit-becomes-second-insurer-redomicile-bermuda-hong-kong?utm_source=rss_feed Mon, 26 Jan 2026 01:15:10 +0000 Themis Qi Themis Qi Nearly half of Hong Kong residents are concerned that their wealth will not last beyond their children, citing market volatility and inheritance disputes, according to a survey by Canadian insurer Sun Life. The survey covered 500 respondents from Hong Kong, including some from mainland China. They were among over 3,000 people aged 18 and above from Asia who were polled in October on the topic of legacy planning. Sun Life found that 44 per cent of Hong Kong residents expressed fear over their... https://www.scmp.com/business/banking-finance/article/3336481/market-volatility-family-feuds-fuel-hong-kongs-wealth-transfer-anxiety-sun-life-survey?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3336481/market-volatility-family-feuds-fuel-hong-kongs-wealth-transfer-anxiety-sun-life-survey?utm_source=rss_feed Mon, 15 Dec 2025 09:30:08 +0000 Bloomberg Bloomberg Sun Life Financial’s newly unified asset-management division plans to hire about 20 senior executives as it looks to turn a collection of investment managers into a more coordinated global powerhouse. Tom Murphy, who becomes president of Sun Life Asset Management on January 1, said he would add senior people across the company’s existing managers and Sun Life’s insurance and wealth businesses, helping those operations originate capital, design products and deepen ties with large... https://www.scmp.com/business/banking-finance/article/3333663/sun-life-aims-global-growth-new-asset-management-hires?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3333663/sun-life-aims-global-growth-new-asset-management-hires?utm_source=rss_feed Fri, 21 Nov 2025 07:25:09 +0000 Fiona Sun Fiona Sun A year after arriving in Hong Kong in 2017, Filipino domestic helper Maria Nemy Lou Rocio took out a HK$25,000 (US$3,200) loan from a local bank to settle her family’s debts and provide for her three children at home. The 44-year-old had learned from other domestic workers about how to apply for the loan but said it took more than a year to repay it. With a monthly salary of less than HK$5,000, she was left with little for herself and had to borrow from friends to cover her daily expenses in the... https://www.scmp.com/news/hong-kong/society/article/3332902/more-financial-literacy-needed-among-helpers-hong-kong-avoid-unethical-loans?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3332902/more-financial-literacy-needed-among-helpers-hong-kong-avoid-unethical-loans?utm_source=rss_feed Sat, 15 Nov 2025 04:00:20 +0000 Danny Mok Danny Mok Hong Kong’s anti-graft agency has charged six individuals, including two police officers and a solicitor, on suspicion of deceiving two insurers out of HK$3 million (US$385,400) in payments. Police sergeant Lam Hin-ho, 36, allegedly recruited family members, friends and colleagues to pose as insurance agents and policyholders and take out 20 bogus policies using false information to deceive the insurers into releasing payments of commissions, bonuses and allowances, the Independent Commission... https://www.scmp.com/news/hong-kong/law-and-crime/article/3328282/police-officers-solicitor-among-6-charged-over-hk3-million-insurance-scam?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-and-crime/article/3328282/police-officers-solicitor-among-6-charged-over-hk3-million-insurance-scam?utm_source=rss_feed Wed, 08 Oct 2025 15:58:32 +0000 Aileen Chuang,Danielle Popov Aileen Chuang,Danielle Popov Most Hongkongers prioritise stable returns for their long-term financial goals, as longer lifespans reshape retirement needs and create demand for new investment products, according to a report by a government-backed body on Monday. The Hong Kong Institute for Monetary and Financial Research (HKIMR) said 66 per cent of individuals surveyed highlighted stable returns, while 60 per cent wanted to maintain their current living standards after retirement and for healthcare expenses. The HKIMR is the... https://www.scmp.com/business/banking-finance/article/3326422/hongkongers-seek-stable-returns-longer-lifespans-reshape-retirement-needs-survey?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3326422/hongkongers-seek-stable-returns-longer-lifespans-reshape-retirement-needs-survey?utm_source=rss_feed Mon, 22 Sep 2025 12:41:36 +0000 Enoch Yiu Enoch Yiu Bowtie Life Insurance, the city’s first virtual insurer, on Friday said it raised US$70 million in its third funding round from existing shareholder Sun Life, its largest such effort since its establishment in 2018. “The stock market rally in Hong Kong this year has improved market sentiment, paving the way for many start-ups and companies to raise funds in both private and public markets,” said Fred Ngan, Bowtie’s co-founder, in an interview on Friday. The city’s Hang Seng Index benchmark is up... https://www.scmp.com/business/banking-finance/article/3318659/hong-kong-virtual-insurer-bowtie-life-raises-us70-million-third-funding-round?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3318659/hong-kong-virtual-insurer-bowtie-life-raises-us70-million-third-funding-round?utm_source=rss_feed Fri, 18 Jul 2025 02:00:17 +0000 Enoch Yiu Enoch Yiu Christopher Hui Ching-yu has recently been on a world tour, conducting roadshows in Canada, the UK and Norway, in an effort to urge global businesses to redomicile in Hong Kong. The main talking point for Hui, the Secretary for Financial Services and the Treasury, has been a new law, enacted in May, that sought to make it easier for overseas companies to reincorporate in the city. Just a few days after the law came into force, Hui flew to Canada to meet senior executives from insurers Manulife... https://www.scmp.com/business/article/3316957/hong-kong-wants-be-dominant-domicile-worlds-biggest-companies?utm_source=rss_feed https://www.scmp.com/business/article/3316957/hong-kong-wants-be-dominant-domicile-worlds-biggest-companies?utm_source=rss_feed Sat, 05 Jul 2025 02:00:14 +0000