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How investors can make better decisions with MAS’ push on fair dealing
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Under the new guidelines, MAS expects companies to align products to the needs and financial interests of their intended customers.
PHOTO: ADOBE STOCK
SINGAPORE – It can be next to impossible for most of us to work out which investment is a potential gold mine and which is likely to leave us in tears and a depleted bank account, but high-level help has arrived.
The Monetary Authority of Singapore (MAS) has enhanced its existing fair dealing guidelines to now cover all financial products and services on offer here. This means vendors are expected to explain to customers how the various fees and market conditions can lower returns on an investment, instead of just focusing on the potential profits.
