Investors 'disillusioned' with boilerplate advice: SIAS

Singapore

SINGAPORE retail investors are becoming "disillusioned" about the usefulness of independent financial advisers' (IFA) reports, the Securities Investors Association of Singapore (SIAS) asserted yesterday in a statement to the press.

"It is true that minority shareholders are becoming more and more disillusioned with boilerplate advice and are questioning the perceived independence and the usefulness of the IF…