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


  • Business Premium
  • Monday, 10 Mar 2014

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.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , Business , financial advisory

   

Next In Business News

Sinovac regimen gets strong boost from Pfizer, AstraZeneca or J&J COVID shots - study Premium
Tesla countersues JPMorgan, claims bank sought 'windfall' after Musk tweet Premium
Oil price falls 2% as Fed rate hike talk spooks risk markets Premium
Bitcoin bounces off six month lows as buyers step in Premium
Wall Street reverses, ends higher in late session rally Premium
Banking in the digital age Premium
YB Ventures proposes one-for-two bonus issue of warrants Premium
Greatech secures RM160mil new orders Premium
MISC'S JV company secures FPSO Kikeh contract extension Premium
Michael Chooi emerges as EcoFirst substantial shareholder Premium

Others Also Read


Vouchers