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 ...
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