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An annuity -- a contract between you and an insurance company that requires the insurer to make payments to you, either immediately or in the future -- is a good way to guarantee fixed income during retirement.
Hong Kong's securities regulator has introduced tighter regulations on investment-linked assurance schemes (ILAS) in a bid to ?enhance transparency and protect investors following a review of these products. The changes for new ILAS products took effect on 1 November when the new regulations were