The Income conundrum
The Straits Times
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What is the endgame for Income Insurance and Allianz, with the offer by the German insurer to buy a majority stake in the home-grown provider? It’s complicated. The proposed deal has caused uneasiness among some. Would Income be able to honour its social mission once the transaction is completed?
NTUC Enterprise (NE) – which currently has a majority stake in Income – has assured the public that Income will continue to participate in national insurance programmes and remain committed to its founding objectives even after the deal. Then, why the need for the acquisition?
— Jaime Ho, Straits Times Editor
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