Comments on: Common sense approach towards investment products http://thefinance.sg/2009/09/17/common-sense-approach-towards-investment-products/ A Collection Personal Finance and Investing Blogs in Singapore Sat, 24 Jul 2010 05:36:22 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Derek Lim http://thefinance.sg/2009/09/17/common-sense-approach-towards-investment-products/comment-page-1/#comment-6930 Derek Lim Thu, 24 Sep 2009 06:11:48 +0000 http://thefinance.sg/?p=3422#comment-6930 Several thoughts come into my mind. Is this MAS move mandatory that all financial institutes will have to follow? Even if the sellers do manage to provide us with the answers, how can we validate that what they say is true? More often then not, they will just give a verbal explanation. Even if there's some printed material to show you, I'm pretty sure that there will be a clause somewhere that will protect the seller. Nevertheless, it is good to ask and see how some will stumble to find you the answers. Several thoughts come into my mind.

Is this MAS move mandatory that all financial institutes will have to follow?

Even if the sellers do manage to provide us with the answers, how can we validate that what they say is true? More often then not, they will just give a verbal explanation. Even if there’s some printed material to show you, I’m pretty sure that there will be a clause somewhere that will protect the seller.

Nevertheless, it is good to ask and see how some will stumble to find you the answers.

]]> By: Phillip Tan http://thefinance.sg/2009/09/17/common-sense-approach-towards-investment-products/comment-page-1/#comment-6926 Phillip Tan Mon, 21 Sep 2009 02:26:06 +0000 http://thefinance.sg/?p=3422#comment-6926 Hi, I agree with TKL's pointer 3. In line with the recent MAS move on Fair Dealing for Consumers, financial institutions need to be obliged to help to make transparent on the costs/incentives/profit margins that are made on each product (bond, Dual Currency Investment etc). This will help to inform consumers on the cost(risk)-benefit analysis and avoid buying high risk-low return product that can be low risk-high margin to the seller. Hi, I agree with TKL’s pointer 3. In line with the recent MAS move on Fair Dealing for Consumers, financial institutions need to be obliged to help to make transparent on the costs/incentives/profit margins that are made on each product (bond, Dual Currency Investment etc). This will help to inform consumers on the cost(risk)-benefit analysis and avoid buying high risk-low return product that can be low risk-high margin to the seller.

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