FISCA should also serve as watchdog for consumers of insurance and investment.Not only providing advice and education FISCA should help in the review of existing insurance policies and investment for consumers for mis-selling and unethical selling and inappropriate recommendations. FISCA can have a legal panel of lawyers who can provide contingency fee service to help consumers take errant insurance agents and FIs to court. MAS as regulator will not be able to micro manage .This complementary service should relieve MAS of the pressure and to focus on enforcing and policing the FIs and the sale reps at company level.
FISCA should also serve as watchdog for consumers of insurance and investment.Not only providing advice and education FISCA should help in the review of existing insurance policies and investment for consumers for mis-selling and unethical selling and inappropriate recommendations. FISCA can have a legal panel of lawyers who can provide contingency fee service to help consumers take errant insurance agents and FIs to court. MAS as regulator will not be able to micro manage .This complementary service should relieve MAS of the pressure and to focus on enforcing and policing the FIs and the sale reps at company level.
FISCA should also serve as watchdog for consumers of insurance and investment.Not only providing advice and education FISCA should help in the review of existing insurance policies and investment for consumers for mis-selling and unethical selling and inappropriate recommendations.
ReplyDeleteFISCA can have a legal panel of lawyers who can provide contingency fee service to help consumers take errant insurance agents and FIs to court.
MAS as regulator will not be able to micro manage .This complementary service should relieve MAS of the pressure and to focus on enforcing and policing the FIs and the sale reps at company level.
FISCA should also serve as watchdog for consumers of insurance and investment.Not only providing advice and education FISCA should help in the review of existing insurance policies and investment for consumers for mis-selling and unethical selling and inappropriate recommendations.
ReplyDeleteFISCA can have a legal panel of lawyers who can provide contingency fee service to help consumers take errant insurance agents and FIs to court.
MAS as regulator will not be able to micro manage .This complementary service should relieve MAS of the pressure and to focus on enforcing and policing the FIs and the sale reps at company level.