Poaching of agents catches MAS's eye
LIA will work with its members to craft parameters for future migration of financial representatives
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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.
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