Former insurance agency leader ordered to pay $8.5m for mass poaching

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Singapore’s High Court has ordered Peter Tan, former agency manager for Prudential Singapore, to pay the insurer SG$8.5 million for his role in the 2016 exodus of over 220 agents to rival insurer Aviva’s financial advisory arm.

Broken down, the amount corresponds to SG$4.8 million in damages, SG$1.2 million in interest and SG$2.5 million in legal costs, according to a report by The Business Times.

Both parties are appealing the ruling.

Prudential is disputing the amount of damages and legal costs, as well as the court’s judgment that Tan’s company, PTO Management and Consultancy (PTOMC), did not dishonestly assist him

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Lloyd’s sets ethnic minority aim

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Lloyd’s of London has today unveiled its 2021 Culture Dashboard and announced its ambition that a third of all new hires across the market and corporation should come from ethnic minority backgrounds. The insurance marketplace said this should be targeted at all levels of the organisation, including among the leadership tier, and noted that the current level of representation of ethnic minorities stands at 8% in the marketplace and 22% in the corporation.

Lloyd’s highlighted, however, that though improving this representation at all levels is a priority, it requires the right data to measure its progress. Therefore, to further improve

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20 Greatest Business Ideas To Make Money In 2020 (Low Funding Concepts)

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Today, even the sector of dentistry is wealthy in creative entrepreneurs who actively create and introduce items and companies which will seem cool and weird to you. Another very popular way an organization is able to make money is by offering a service to clients. This may be anything from making food to putting in washing machines. A restaurant will become profitable by promoting each customer food, and the food must be bought at a value that can earn a revenue after the acquisition of ingredients. Many business ideas only require a small funding.

SEARCH ENGINE MARKETING stands for seo.” … Read More

Reinventing card platforms during banking’s radical change

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As retail banking undergoes an epochal shift, TietoEVRY’s Hans Sjölund considers the implications for the card business, and why issuers need to transform their infrastructure to ensure profitable growth.

  Reinventing card platforms for radical change

Retail banking – from branch to digital

Many of us might remember a retail bank branch from 20 or even 30 years ago: a reassuringly traditional institution with strict opening times, lines of customers waiting to speak to advisors or tellers and, in the background somewhere, a huge steel door leading to the vault where the money was kept.

Fast forward two decades, and banking

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