Poaching of agents catches MAS's eye
LIA will work with its members to craft parameters for future migration of financial representatives
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE escalating poaching activity in the financial advisory (FA) space in recent years has caught the eye of the regulator. In what could keep insurance agents' movements in check, the Monetary Authority of Singapore (MAS) said that it was looking into the recent incident of such mass migration.
Concurrently, the Life Insurance Association Singapore (LIA Singapore) would be "working on some parameters on future movements" of representatives, the regulator said, adding that it would be monitoring industry developments closely.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
