The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

Manulife
Manulife Singapore, part of Canada-headquartered Manulife, has launched two indexed universal life products, Manulife Indexed Wealth and Manulife Indexed Income, both denominated in Singapore dollars. 

The products are aimed respectively at long-term wealth accumulation and lifetime retirement income, the firm said. 

Manulife Indexed Wealth offers policyholders a choice between an S&P 500 index sub-account with a 10 per cent buffer against market losses, and an S&P PRISM multi-asset index sub-account with a zero per cent floor crediting rate. From the second year of the policy, policyholders can switch between the fixed and index accounts. 

Manulife Indexed Income links to the S&P PRISM index sub-account and allows customers to begin drawing monthly income from the second policy year, with the option to start or stop payouts. It carries a guaranteed minimum surrender value.

Manulife cited its Asia Care Survey 2026 in launching the products. The survey found that nearly eight in 10 (78 per cent) adults in Singapore are concerned about outliving their savings.

“We are seeing a shift in how mass affluent customers approach wealth,” Frank O’Neill, chief product officer of Manulife Singapore, said. “Growth remains important, but customers are also placing greater emphasis on preserving what they have built, staying invested through market volatility and planning confidently for the next generation.”

Citigroup
Citi Investor Services, part of Citigroup, has launched Custody+, a suite of near-real-time custody solutions. The rollout coincides with the completion of the US rollout of its Single Event Processing (SEP) technology.

The platform replaces Citi's standardised custody model with a modular structure that clients can adapt to their own workflows. Citi's custody business operates across more than 100 markets, including 62 proprietary markets.

Real-time asset servicing processes transactions through SEP technology, which the bank said has slashed processing times for voluntary corporate actions in the US by up to 92 per cent.

The suite also includes instant settlement across Citi's proprietary markets, on-demand foreign exchange execution, real-time cash and liquidity tools including tokenised deposit transfers through Citi Token Services.

The bank plans to extend the platform to digital asset custody later this year, beginning with bitcoin. The launch comes as custodians adapt to compressed settlement cycles, including the move to T+1 settlement in the US.