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Buying Insurance Directly Without Paying Commissions
Yesterday, MAS announced the features of insurance products that consumers would be able to buy directly from insurance companies without going through an agent and paying commissions (ie lower premiums). This was one of the suggestions that were proposed and accepted in the FAIR review and has been finalized after ten months of discussions with various […]
MAS Consultation Paper on FAIR
Yesterday, MAS released a consultation paper on the recommendations of the Financial Advisory Industry Review (FAIR). The consultation paper seeks feedback on all the recommendations made by the FAIR Panel as well as some additional recommendations from MAS. The FAIR Panel concluded its review of the financial advisory (FA) industry late last year and released […]
FAIR Review Recommendations
Yesterday, MAS held a press release session to present the Financial Advisory Industry Review (FAIR) Panel report. After months of discussion, the panel finally came up with a list of suggestions. I felt that the suggestions having the most direct impact to consumers will be the development of a web portal to allow people to […]