Singapore regulator reprimands multiple advisers and two life companies

clock • 4 min read
Singapore regulator reprimands multiple advisers and two life companies

Monetary Authority of Singapore has reprimanded AIA Financial Advisers Private (AIA FA), Prudential Assurance Company Singapore (Prudential), Aviva (Aviva) and Aviva Financial Advisers (Aviva FA) for breaches of requirements relating to risk management arrangements and the remuneration of supervisors. The regulator also reprimanded Peter Tan Shou Yi, a consultant engaged by Aviva, for accepting remuneration in breach of regulatory requirements, and Aviva FA's CEO and director, Chee Boon Ch...

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