Sun Life takes low tech, highbrow strategy in Asia

The Canadian insurer''s strength is at the industry''s sophisticated end, so what is it doing in Asia''s emerging markets? Douglas Henck, executive VP, explains.
Douglas Henck, executive vice president of Asian operations at Sun Life Financial, spoke with FinanceAsia about pension reform and the life insurance industry in Asia

FinanceAsia: Many Asian governments are using the American 401(k) model to reform pension systems, but the end result rarely looks like 401(k) What kind of models should they be looking at

Douglas Henck: I'm still struck by what Chile did in 1981 when I arrived there with Aetna Then, 100% of pension fund assets were invested in either bank CDs or government bonds Chile was the first emerging market to privatize It started in 1973 after Allende was elected and led to nationalizations, inflations, all...

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