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Singapore retail investors' trust in financial institutions falls

Fall of 11 percentage points biggest among 15 markets surveyed; disillusionment over plunge in value in some instruments seen as possible cause

Genevieve Cua

Genevieve Cua

Published Sun, Jun 21, 2020 · 09:50 PM

    Singapore

    SINGAPORE retail investors' trust in financial institutions eroded significantly over the past two years, a survey by the CFA Institute shows.

    The proportion of those who trust the financial industry (36 per cent) dropped 11 percentage points from the previous 2018 survey, where trust level stood at 47 per cent. This was the biggest drop globally among 15 markets surveyed.

    CPFFinancial planningCFA Singapore Insights

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