It is disappointing to read that only 10 per cent of Singapore retail investors believe their investment adviser or firm always puts their interests first, compared with a global average of 35 per cent, based on a study reported in The Business Times last month.
The study commissioned by the CFA Institute also found that less than half (47 per cent) "trust or completely trust" the financial services industry. Although this was better than the global average of 44 per cent, it was the third-lowest score in the Asia-Pacific.
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