Full performance picture? Onus is on insurers

IN the spirit of sharing as the holiday season approaches and for the benefit of consumers, the life insurance industry really ought to get their act together and come up with a clear industry standard to present their investment performances for participating funds.

In this, the Monetary Authority of Singapore (MAS) can help by nudging the industry players along to hash out a standard format.

This suggestion for standardisation follows a BT report on Dec 12 that tabled life insurers' average annualised net investment returns on par funds by duration. The data compiled had shown that the bigger boys fared better than the smaller players over 2006 to 2015.