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Tag Archives for " FSM "

Providend Offers Insurance Commission Rebates

The announcement that Providend will be offering commission rebates might not seem like something new to their fee paying clients. After all, Providend’s fee paying clients get a rebate of all the commissions that they pay. What is new, however, is that Providend is now offering this rebate to their non-fee paying clients as well. […]

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Fundsupermart Starts and Stops Insurance Promotion

For a few days last week, local unit trust platform Fundsupermart (FMS) started to offer insurance products on their platform. They even introduced their entry into the insurance market with a bang by offering to rebate 50% of the commissions on their products to their clients. The offer seems too good to be true and […]

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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 […]

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Zero Sales Charge for Bond Funds

The ongoing war towards low (or zero) commissions for unit trusts looks set to spiral on as both leading platforms of unit trusts in Singapore, Fundsupermart and Dollardex, announced their 0% sales charge program for bond funds program last week. For Dollardex, they now have a list of 30+ bond funds that does not have […]

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Dollardex Sales Charge Promotion for CPFIS

Dollardex has announced that all funds purchased under CPFIS from 8 June 2010 to 31 July 2010 on their platform will be at 0% sales charge. This comes a few days after they conducted a poll to ask whether the current 3% cap on sales charge of CPFIS is reasonable. Competition is getting intense with […]

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