Date: April 3, 2012
SIAS is pleased with the appointment of the Financial Advisory Industry Review (FAIR) to enhance the professional standing and competence of financial advisers and to create a more competitive and efficient system for the distribution of life insurance and investment products. SIAS’s President said “I’m glad that MAS is clarifying its expectation that financial advisers should be primarily focused on providing financial advisory services and that they should not be engaged in conflicting activities. SIAS fully supports this. With the rapid development of financial markets and products and more discerning consumers, it is imperative that financial advisers be focused on keeping up with developments and serving consumer needs. They should not be engaging in activities which might pose conflicts or tarnish the reputation of the industry.”
SIAS is confident with an inclusive Review Panel for FAIR, investors can expect better service in terms of quality and professionalism from financial advisers in future which can only help investors make a better and more informed judgement.
– End –
SIAS is pleased with the appointment of the Financial Advisory Industry Review (FAIR) to enhance the professional standing and competence of financial advisers and to create a more competitive and efficient system for the distribution of life insurance and investment products. SIAS’s President said “I’m glad that MAS is clarifying its expectation that financial advisers should be primarily focused on providing financial advisory services and that they should not be engaged in conflicting activities. SIAS fully supports this. With the rapid development of financial markets and products and more discerning consumers, it is imperative that financial advisers be focused on keeping up with developments and serving consumer needs. They should not be engaging in activities which might pose conflicts or tarnish the reputation of the industry.”
SIAS is confident with an inclusive Review Panel for FAIR, investors can expect better service in terms of quality and professionalism from financial advisers in future which can only help investors make a better and more informed judgement.
– End –
