Consumer Panel tells MAS to 'push regulatory boundaries'

In a position paper published ahead of today's report stage and third reading of the Financial Services Bill before MPs, the statutory body outlined measures needed to remedy the effects of the Retail Distribution Review (RDR), which could leave more consumers without advice. It said the MAS should go further than just signposting, pointing out the need for more effective and quicker links to other parties. "Unregulated advice, which can mean information and guidance as well as generic advice, is a valuable tool for consumers," it said. "We are encouraging bodies such as the MAS to...