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- Advertisement - The Monetary Authority of Singapore (MAS) has issued four-year prohibition orders against Mr Lau Man Chun, a former representative of an insurance broker, for dishonest conduct relating to the sale of personal accident policies. Mr Lau was a representative of Financial Alliance Pte Ltd (FAPL) from November 2014 to March 2018. FAPL is an insurance broker which distributes PA policies offered by Liberty Insurance Pte Ltd, on an exclusive basis. Mr Lau joined Manulife Financial Advisers Pte Ltd (Manulife) in April 2018 and left in July 2019. While at Manulife, Lau was authorised only to advise on and sell life policies. ....
The industry is transitioning to the next normal, which will emerge once the pandemic subsides. New challenges are expected, yet there will also be opportunities. What does this mean for the man in the street? The Covid-19 pandemic is a watershed event that has ended more than a decade of strong growth for the wealth management industry. It has also brought about market turmoil and a global recession, and wiped out billions of dollars from financial markets. What will 2021 bring? The consensus view is that three major disruptive forces technological advancements, demographic changes and slower economic growth will converge and give rise to the next normal for the industry. ....