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Unit Trust Platforms in Singapore
Many years ago, unit trusts were sold exclusively by the banks and other financial institutions in Singapore. In the good old days (to the sellers), funds were sold at an upfront sales charge of 5%. Insurance companies then joined in the fray when they launched investment-linked (ILP) type of insurance policies, which were a special […]
Closure of finatiQ
FinatiQ was set up by OCBC Bank in 2000 as Singapore’s first online-only bank account. Back then, it offered superior interest rates compared to normal savings account. I remembered enjoying rates of about 3% on my funds in the account. You could also buy unit trusts online via the platform although somehow, this aspect didn’t […]