MAS
Adviser recruitment under scrutiny in Singapore
In a bid to curb mis-selling and provide a framework for how advisory businesses can recruit from rival firms, Singapore’s Life Insurance Association (LIA) is reviewing its policies and is planning to issue new guidelines.
Singapore warns investors on virtual currency investments
As virtual currencies grow in value, investors have been warned about the risks of virtual currency-related investment schemes by Singapore’s Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (Mas).
PEOPLE MOVES: Holborn hires CCO as part of big expansion
Holborn Assets is planning to expand across the Middle East and Asia over the next 12 months, while Schroders has created a new sales director role for the Middle East. A Manulife insurance salesperson in Hong Kong has been added to the Guinness Book of World Records for his astonishingly long career.
China’s Lufax launches offshore retail platform in Singapore
Lu International, a subsidiary of Shanghai-based wealth manager Lufax Holdings, is launching its first direct-to-consumer online investment platform for Chinese overseas retail clients.
Singapore watchdog restores ‘mystery shoppers’ for advisers
The Monetary Authority of Singapore (MAS) will be sending mystery shoppers to financial advisers as part of its efforts to boost enforcement, according to Merlyn Ee, the regulator’s executive director for capital markets intermediaries.