Personal Finance
Consultation Paper on Deposit Insurance and Policy Owners’ Protection Schemes Bill
By Wilfred Ling, The IFA on Duty  •  January 5, 2011
MAS has released a consultation paper on the deposit insurance scheme and policy owners protection scheme. This consultation paper appears to be an advance stage of the proposal prior to submitting to parliament for approval. The original Deposit Insurance Act (Chapter 77A) is to be repealed so as to be replaced with a ‘DEPOSIT INSURANCE AND POLICY OWNERS’ PROTECTION SCHEMES......
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By Wilfred Ling, The IFA on Duty
Wilfred Ling is a Chartered Financial Consultant with Promiseland Independent Pte Ltd. He is a fee-based financial planner by profession.
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