MAS
Generali: Life firms should be responsible for product understanding
Life companies in Singapore should be responsible for ensuring advisers have a clear understanding of products and how they meet customers’ needs, Generali International’s head of sales has said in response to a fresh review by the Monetary Authority of Singapore.
Singapore kick-starts cross-border initiatives with China
Singapore is set to kick off a number of initiatives which aim to bolster financial cooperation with China, including doubling the city state’s renminbi qualified foreign institutional investor (RQFII) quota.
Singapore reviews onus of IFA conduct over insurance sales
Singapore’s financial regulator is examining whether advisers or life companies are responsible for the training, competency and conduct of intermediaries selling insurance.
Singapore U-turns on fund passport regime due to unfair tax rule
The Monetary Authority of Singapore said it backed out of a fund passport initiative because the legislation failed to address inequalities in the tax treatment of local and foreign investors.
Investors can opt-in to Singapore safeguards under new rules
Wealthy Singapore investors will be able to choose their own level of regulatory protection when new rules come into force next year.