The UK insurer has set up Aviva Financial Advisers in Singapore, but adoption of the fee-based model for advice in the city-state still seems some way off.
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The Monetary Authority of Singapore has set out recommendations from its Financial Advisory Industry Review. Insurers may be relieved the rules don't go as far as some expected.
And smaller financial advisory firms will see consolidation as a result of the city-state’s move to overhaul its laws on providing investment advice.
