Poaching of agents catches MAS's eye
LIA will work with its members to craft parameters for future migration of financial representatives
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
ECB rate cut case getting stronger, says chief economist Lane
RBNZ has limited scope to cut cash rate this year: OECD
Crypto.com wants to sponsor more sports after Formula One Miami
Philippine central bank tightens dirty money risk reporting rule
Singapore Savings Bond 10-year average yield hits year-to-date high of 3.33%
A timeline of DBS’ recent banking glitches