Mercer fined by MAS for unlicensed selling of life policies
The Singapore-based arm of Mercer has been fined by the Monetary Authority of Singapore for allowing unlicensed representatives to arrange contracts for life insurance policies.
MAS
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MAS proposes tougher market enforcement regime
The Monetary Authority of Singapore has proposed new rules designed to toughen up its enforcement regime in order to deter market misconduct.
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MAS fines Aviva for breaching Financial Advisers Act
Aviva has been fined by the Monetary Authority of Singapore for breaching the Financial Advisers Act.
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Singapore reaches out for financial industry advice
As Hong Kong develops strong market links with China, Singapore’s new financial centre advisory panel hopes to chart strategies for the Lion City’s own future.
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MAS tightens rules on product sales
The Monetary Authority of Singapore is planning measures aimed at safeguarding the interests of consumers who purchase financial products in public venues.
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MAS fee disclosure proposal presents a ‘challenging timescale’
The six month window which the Monetary Authority of Singapore said it will give providers of investment-linked products (ILP) to standardise the way charges are presented to customers is expected to be a “challenging timescale”, Old Mutual International has said.
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MAS backs framework for resolving cross-border institutional issues
The Monetary Authority of Singapore has underlined the importance of establishing cross-border cooperation with authorities around the world to help resolve issues with financial institutions with a parent company based outside of the city state.
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Islamic finance key to Asia and Middle East link, says MAS
Ties between the Middle East and Asia could improve by boosting the distribution of Islamic investments, according to the deputy director of the Monetary Authority of Singapore (MAS).
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Defined benefits pension enquiries soar, says Mercer
Global consultancy firm, Mercer, has seen a 60% increase in the number of people wanting to know the value of their defined benefits (DB) pension scheme, driven by the introduction of the UK pension reforms on 6 April.
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Firms handed Balanced Scorecard deadline
Financial advisers in Singapore have been told they are to begin putting in place systems to implement the so-called "Balanced Scorecard" initiative this month.
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How much does transparency mean to you
As the regulation of financial services in Singapore and the wider Asia region continue to develop, The Fry Groups David Pugh takes a look at the perennial issue of transparency.
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In the Singapore swing First Degree
The hard work is paying off for Tony Morgan, chief executive of First Degree. From its base in Singapore, the company is steadily raising the bar for advice in Asia, with an eye on the long game.