Singapore
MORE than half the claims filed with the Financial Industry Disputes Resolution Centre (Fidrec) for the financial year ended June 30, 2021 were against banks and finance companies.
During the period, Fidrec received 1,097 claims, down from 1,227 the year before. It was the third straight year that the number of total claims surpassed the 1,000 mark.
Of the claims received, 52 per cent were filed against banks and finance companies, 26 per cent against life insurers, and 13 per cent against...
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