MAS
Singapore life industry must tackle ‘poor advice practices’
Life companies in Singapore must do more to improve the business culture within their organisation following a number of mis-selling cases involving poor or inappropriate financial advice, a senior official from the Monetary Authority of Singapore (MAS) has said.
Singapore’s already delayed commission cap still not in place
Singapore’s 55% cap on commission payments “has still not been practically implemented” despite being due to come into force in January 2017, an industry source told International Adviser.
Retail investor protection strengthened in Singapore
Retail investors in Singapore will receive greater protection following changes to the Securities and Futures Act (SFA).
Singapore regulator considers ethics training for advisers
The Monetary Authority of Singapore (MAS) is looking to introduce an ethics module in exams taken by financial advisers and capital markets intermediaries, in the wake of the 1MDB scandal.
Lombard International granted Singapore licence
Lombard International, the global wealth structuring solutions provider, has been granted a Financial Adviser’s licence by the Monetary Authority of Singapore (Mas).