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What kind of insurance does a 18 year old boy need? Is it a policy that insures against death? The top agent from AIA seems very proud of it when h...

Fee based advisory must be implemented in banks too to stop the RMs from pushing products like single premium and regular endowment  and other con products.
THE Monetary Authority of Singapore should extend the fee-based model of charges it is considering in its review of the financial advisory  secto...

Insurance agents are commission driven and not clients driven
Commission earned on a whole life policy can be several times larger  than that earned for a term policy - creating a huge incentive for  ag...

[STforum]:My point: Maid levy [tax relief for divorced husband]
[STforum]:My point: Maid levy [tax relief for divorced husband] Quote: The Straits Times; Published on Mar 21, 2012 My point: Maid levy 'O...

Local talent can maximise
Everyone has talent. Some are born-to-be. Some need to have more training till their talent are observed. Why??? Often a child in a rich family has th...

Enhancing Insurance Industry? The insurers and the insurance agents pockets?
At the 25th Pacific Insurance Conference the Deputy Chairman of MAS, Mr. Lim called for enhancement, he said "In Singapore, like many other Asian c...

Developing Singapore to be a Global Human Capital Hub
MOM wants to position Singapore as a Global Human Capital Hub .. http://www.mom.gov.sg/newsroom/Pages/SpeechesDetail.aspx?listid=248 ...

Mandatory Customer Knowledge Assessment for investment but why traditional life insurance products not included?
I applaud MAS for seeing the importance of  protecting  the investors against the rogue financial product salesmen but why life insurance pr...

Global shift towards commission free financial advice
Global shift towards commission free financial advice gathers pace with UK ban Industry Super Network (ISN) has welcomed news that theUK govern...

CDAC funding for Course
My wife sign up for the course that had funding from CDAC 2 month ago and had the approved by CDAC Atfer pay up the course fee with a Approved Trai...

The Australian regulator finally admits that emperor is not wearing any clothes
The Australian Government finally admitted that the emperor is indeed wearing no clothes and that product selling/pushing is not financial  a...

Life insurance industry starts 2011 on high note!! On whose expense? How many more consumers got conned?
"Robust growth for the industry has come on the back of strong consumer confidence," noted Mr Tan Hak Leh, the President of the Life Insurance ...

Confession of a disillusioned insurance agent.
I am currently a new insurance agent with one of the big 4 companies in Singapore. I am probably getting a bit disillusioned now, what with the huge f...

The Absolute Key
                                                                                The Absolute Key. What values do we teach our younger a...

Did MAS suffer from groupthink in minibond fiasco?
What did the Heng guy do when the DBS mini bonds saga exploded? MAS said investment into these instruments is a personal decision, so pls deal wit...

Do you think consumers understand the insurance products sold to them?
Read this guideline from the FAA. "Licensees and representatives must pay substantive and proper consideration to the complexity of investment prod...

self-employ medisave scheme
i am unemployed person of 32 years of age. been trying to search for full time work for 6 years since my NS ORD.  i have received this medisave s...

Another insurance policyholder mis-sold a plan.Was it due to greed or incompetence?
Insurance payout fell short of expectations WHEN I started working 16 years ago, I sought advice from an AIA insurance agent to propose a plan for ...

Australia is banning financial product commission this June and move to fee based advisory.
The reason? ‘Australia is facing the challenge of an ageing population. Access to quality advice remains an important part of planning for the f...

Shared responsibility? With MAS , FIs, investors and Consumers each taking on a specific responsibility and shared ownership of supervisory objectives and outcomes?
Shared Responsibility - Regulatory outcomes can be more effectively  achieved with the MAS, financial institutions, investors and consumers ...

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