New framework seen to further limit pushing of insurance, unit trust products

PETALING JAYA: Product pushing, one of the main concerns in the insurance and unit trust business, will be further curtailed with the introduction of the new financial advisory framework that may come on stream this year.

According to industry observers, product pushing has been a menace in insurance and unit trusts for quite a while although efforts to stem it have, to an extent, lessen the occurrence but more need to be done in this area. This is because there is a quota which agents need to meeet in order to maintain their agency contract, one industry watcher said.