MAS steps in to calm job-poaching battle between insurers
Singaporean authority is concerned job-switching bonuses may be driving aggressive sales tactics
The Monetary Authority of Singapore has unveiled measures to address risks associated with the large scale of job poaching by rival insurance firms.
In a statement published on March 7, the MAS says it is consulting on four measures to “safeguard the interests of consumers by promoting more responsible recruitment practices in the FA [financial advisory] industry”.
In 2016 and 2017, there were a number of large-scale recruitment drives by competing insurers, sometimes involving several hundred
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