Investment-linked policies are newly added complex products under the new rule.
The Monetary Authority of Singapore (MAS) will remove the mandatory financial advice requirement for complex products except for investors who require additional protection, according to the result of a consultation paper the regulator released last Friday. These measures foster an accessible and dynamic market - Lim Tuang Lee The move aims to provide investors ‘the flexibility’ to opt in or out of financial advice on complex products as digitalisation has increased retail