80% not prepared to pay fee for advice, says MAS

Last Updated on 5, December 2014

Mr Lee Chuan Teck, Chairman, Financial Advisory Industry Review Panel, Assistant Managing Director, Monetary Authority of Singapore said that MAS did an on-line survey on Singaporean’s receptivity towards a fee-based model.  80% were not prepared to pay an up-front fee for advice.

Source:

"Presentation of Financial Advisory Industry Review Panel Report" - Speech by Mr Lee Chuan Teck, Chairman, Financial Advisory Industry Review Panel, Assistant Managing Director, Monetary Authority of Singapore, 16 January 2013

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