24/10/2011 - MAS Cannot Advise On Simplified Products
MAS Cannot Advise On Simplified Products.
Some of the responses to the consultation warned that allowing MAS to recommend simplified products would be beyond its remit of giving generic non-product specific advice.
Financial secretary to the Treasury, Mark Hoban has announced the formation of a new steering group who will devise a range of simple financial products. The group will initially focus on simple deposit savings and protection and insurance products.
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