Insurance
Fundsupermart sells insurance now! Rebates 50% of commission back to you
By Investment Moats  •  May 1, 2013

Online platform Fundsupermart starts selling NTUC Income, TM Life and Manulife and are making commission structure  transparent to you.

One of the recommendations in the Financial Advisory Industry Review  Panel Report was to increase the transparency of the industry and the aftermath word is that there will cheaper alternative choices for the consumers.

This week we got news that Fundsupermart, who are one of the earliest to bring cheaper unit trusts compare to the banks to the consumer, will start selling insurance from 3 insurance companies. They are also the earliest to make it easy for folks like you and me to purchase Singapore Government Bonds (SGS) for as little as $1000.

Business Model

Fundsupermart is an online portal distribution arm of iFast Financial whose 2 biggest shareholders are SPH AsiaOne and DMG securities.

As an online platform, they can bulk transact and sell their unit trust, SGS Bonds ...

...
Read the full article
By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance