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MIND THE GAP

Scrutiny to rise on insurers' practice of charging expenses to par funds

Proposed guidelines by MAS to bring clarity on charges that are allowed and disallowed, and spell out governance structure over allocation of expenses to par fund

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An FA firm owned or appointed by an insurer is a separate legal entity and should be responsible for its own operating expenses, says MAS.

FUND expense ratios are an item that Singapore investors do not pay enough attention to. It is a material factor in the returns they reap from their investment funds. The lower the total expense ratio (TER), the higher the potential net returns.

A similar principle broadly applies to...

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