Category Archives: Money matters

Trust companies related to Unit Trust schemes

This is a list of 14 registered Trust companies in Malaysia which are related to Unit Trust schemes, that is, offering Trust services to Unit Trust companies, as provided by the Securities Commission. This list is effective as at 31 … Continue reading

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FSA2013: Consent or no consent?

This is a short excerpt from my blog post yesterday on the Financial Services Act 2013: “I am saying this because the policy owner have to understand when consent is needed from the new trustee and when consent is not … Continue reading

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An alarmist approach on the Financial Services Act 2013

Three months down the road, the situation hasn’t changed much. I was told me a few days ago that the life insurance companies in Malaysia are still taking it easy with regards to the Financial Services Act 2013 which had … Continue reading

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Elements of a valid Will

If you don’t already know, Downton Abbey is a critically acclaimed British period drama television series. This series, set in the Yorkshire country estate of fictional Downton Abbey, depicts the lives of an aristocratic family, the Crawleys and their servants … Continue reading

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Should you sell off your family home?

I met up with a client about a week ago. Owing to some developments in her family, she had some doubts about re-writing her Will. Originally, she had included two of her children as beneficiaries but now, she wanted to … Continue reading

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New EPF rule to impact on unit trust investment

From The Malaysia Insider today, a news report about an impending change to the EPF’s rule regarding regarding a contributor’s use of his EPF savings for investments in Unit Trusts: “The EPF will revise upwards the basic savings quantum of … Continue reading

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Trustee for life insurance policies

I see that the Financial Services Act 2013 is starting to garnish comments from players in the financial services industry. This one below is from Rockwills Corporation, the leading company in estate planning. What Saw Leong Aun is stating in … Continue reading

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Potential landmine in Financial Services Act 2013?

I’m just a lay person where insurance is concerned but I’d like to share here whatever little that I know about the newly introduced Financial Services Act 2013 vis-a-vis the insurance industry. If I am wrong, I am willing to … Continue reading

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Financial Services Act 2013

This is the new Financial Services Act 2013 that I was talking about earlier which came into effect on 30 June 2013. It has implications for the finance industry in Malaysia as a whole as the new FSA2013 replaces several … Continue reading

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Not quite understandable

Why can’t companies write a friendlier note that’s not so couched in officious words to the point that I’ve to read and re-read it several times in order to understand what they’re trying to say? For example, this letter from … Continue reading

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