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MAS to help consumers access simple, lower-cost investment products

Published on Jul 24, 2014 12:00 PM
 
The Monetary Authority of Singapore (MAS) will make it easier for consumers to buy simple, lower-cost investment products, in a bid to deter them from unconventional and often risky investments. -- PHOTO: ST FILE

SINGAPORE - Singapore's regulators will make it easier for consumers to buy simple, lower-cost investment products, in a bid to deter them from unconventional and often risky investments.

The Monetary Authority of Singapore (MAS) said during the release of its annual report on Thursday that it will introduce a direct channel for consumers to buy insurance products. More details will be announced by the end of the month.

These will be cheaper as consumers will not need to pay for distribution costs, said MAS managing director Ravi Menon.

The MAS will also publish a set of proposals next month aimed at helping retail investors gain better access to fixed income products.

 
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