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Articles tagged with: Ethics

Written By: Tiang Chuan on January 23, 2013 No Comment
Insurance Agent Body Sued Over Unaccredited MBA

The Insurance and Financial Practitioners Association of Singapore (ifpas) has been sued by a financial adviser, Mr Davy Goh, reports the 21st Jan 2013 edition of The Straits Times (Insurance association sued over dud MBA)

Mr Goh had won a case against ifpas for a return of his $17,000 […]

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Written By: Tiang Chuan on March 28, 2012 No Comment

As expected, in the aftermath of the news of  MAS’s  Financial Advisory Industry Review (FAIR), the media followed-up with more reports , particularly on the commission part. The 28th March 2012 issue of The Straits Times came with an article (Beware profit-driven insurance agents) on the sensitive issue.

Disclaimer: I have sold […]

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Written By: Tiang Chuan on December 30, 2011 No Comment

The proposed revamp of the Central Depository (CDP) system to allow stockbrokers’ access is in the news again.  The Straits Times carried a report on the subject on its 30th December 2011 edition (CDP revamp reignites debate on potential fraud). The article can be accessed here.

Basically, they have summarised […]

Written By: Tiang Chuan on September 26, 2011 No Comment

A businessman deposits $1m into a bank. Down comes the relationship manager with 2 proposals that total, you guessed it, $1m.

2 hot funds plus a universal life plan were proposed. A whopping 5% sales charge was imposed but there was no attempt to asset allocate at all. The investment was split […]

Written By: Tiang Chuan on September 6, 2011 No Comment

The main reason for relationship managers (RMs) leaving is that they have been ‘encouraged to do so‘ by the banks! Not very encouraging… And by the way, what do you mean by ‘underperformance‘?

The latest Global Private Banking and Wealth Management Survey has yielded some interesting (but long known?) results. Snippets of […]

Written By: Tiang Chuan on July 26, 2011 2 Comments

Which form of distribution channel would give you the best advice? Through the Agency model, the Bancassurance model or the IFA model? We will discuss more about that later.

A lady have wrote in to The Straits Times Forum on the 25th July 2011 sharing her experience of getting insurance advice from […]

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Written By: Tiang Chuan on March 19, 2011 No Comment

A local insurer has launched a FA company that is a hybrid between a agency only model and the FA model. The new company, which targets the mass affluent, will offer life insurance from the insurer (with the exception of products from a foreign insurer), general insurance from multiple companies and unit trust […]

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Written By: Tiang Chuan on March 6, 2011 No Comment
Get The Full Picture

We are constantly being bombarded with new information. These info are often biased and we, the information recepians, are often not aware of these biases. Just like to share some recent incidents that highlighted the information asymmetry we face.

Incident 1

There have been widespread reporting on the charges a well-known […]

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Written By: Tiang Chuan on January 21, 2011 2 Comments

Don’t judge a book by it’s cover‘, the old saying goes. Now, we have to add another – ‘Don’t judge a man by his titles‘. In the 21st Jan 2011 edition of The Straits Times (Insurance agents’ body sued for offering dud degree), it was reported that a financial adviser has […]

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Written By: Tiang Chuan on December 18, 2010 No Comment
Is Your Adviser Working For You?

Having the right investment adviser who works for you and not his employer is paramount to having good advice. With the slew of  lawsuits between private banks and their clients lately, investors should be mindful of some basic questions when choosing their asset managers. Read the article –

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