Published Date: 07 March 2018

Consultation Paper on Measures to Address the Risks Posed by the Use of Sign-on Incentives in the Recruitment of Financial Advisory Representatives

Proposed measures to address risks posed by the use of sign-on incentives during mass recruitment and migration of financial advisory (FA) representatives. The measures include setting reasonable sales targets with a cap for the first year and pegging the sign-on incentives to the persistency of policies serviced by the representative at his previous FA firm.
Consultation Number:
P006 - 2018
Start Date:
07 March 2018
Closing Date:
09 April 2018
MAS Response Date:
06 May 2019
Response date: 06 May 2019
The consultation response was published on 06 May 2019.