Daily Cuts - Singapore blocks Income-Allianz deal: What lies ahead for the business, customers

Singapore has moved to block a deal that would have allowed German insurer Allianz to own a majority stake in local insurer Income, citing a lack of confidence that Income would be able to continue as a social movement – but is leaving the door open as long as public concerns are addressed. Andrea Heng speaks to Eddy Cheong, CEO, Havend. They look ahead to Income’s future operations, how it can continue being financially viable as a co-operative movement and potential partners it can work with to stay relevant.