NTUC Income's move will further its own business

Singapore

'TIS the season to be jolly, and financial advisory (FA) firms here now have one more reason to be cheerful this Christmas now that insurer NTUC Income is playing Santa.

The problem with the FA sector is that it is still largely paper-based and as the financial services sector moves to digitalise its processes, FA firms have to jump on the digital bandwagon or be left behind.