Do you really need a financial adviser? This was the title of a previous post which I wrote just a few weeks ago. In that post, I recounted my good and bad experiences with financial advisers and how we can make better decisions on insurance purchases. Using web portals where we can compare insurance products is one way to make a more informed choice for our own financial life.

It was brought to my attention that MAS coincidentally announced that they will be launching 2 new initiatives which I believe is going to change the whole financial advisory industry. This will affect the sales which financial advisers earn and even cause them to lose their jobs. Yes, it is that big of a change that will have a serious impact on the whole industry.

So what are the 2 new initiatives?

  1. Consumers can now compare life insurance products online.