Investment-linked assurance scheme guidelines out

New guidelines on the sale of investment-linked assurance schemes in Macau constitute a code of practice for insurers in assessing the financial needs of policyholders and their risk tolerance. The guidelines appear in the Official Gazette and come into effect on October 1. An investment-linked assurance scheme combines life insurance, investment and estate planning, enabling an investor to spread small sums of money among various mutual funds. The guidelines set no minimum death benefit that such a scheme must provide.