FAIR outcome is out & a Career Talk for all

Written by Wilfred Ling  Wednesday, 16 January 2013The FAIR outcome (found here http://sg.sg/13Dgznk) is out but the weirdest of all is forcing advisers to disclose the buy-term-invest-the-rest strategy the wrong way by using the fixed deposit as the investment instrument! That is so easy to outperform by a whole life or endowment! Looks like it is going to be a bull run for participating products! Expected outcome:

• FA Rep should have qualifications better than "O" levels such as GCE A level, IB or a polytechnic diploma or equivalent.
• FA companies restricted in its scope of on-FA activities specifically limited to just introducers on non-FA activities to firms licensed by MAS and training and consultancy on financial planning or financial literacy.
• The FA Rep should generally be full time FA person.
• The FA Rep not permitted to be ...