Tag Archives: Insurance

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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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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Rockwills’ original UProtect brochure

Apart from estate administration services, two of Rockwills Trustee Berhad’s most popular products are the UDeclare and UProtect. Both are based on a person (the settlor) drawing up a Trust Deed. The UDeclare is simply a declaration to set up … Continue reading

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Legislation affecting financial planning

What are the legislation in Malaysia that will affect financial planners most or at the very least, should be good for them to know or be aware of? In my opinion, below are the few pertinent ones which I present … Continue reading

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Malaysia: Private retirement scheme

The Malaysian Prime Minister, Najib Abdul Razak, has today announced the official set-up of a Private Retirement Scheme in his Budget Speech 2012. There’s also a mention of increasing the employer’s contribution to the Employee Provident Fund for those earning … Continue reading

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Malaysian insurance laws under sections 166 and 167

Well, I learnt something useful today. I’m not an insurance person, so I’ve always found it very confusing when trying to deal with the types of nominations under the important sections 166 and 167 of the Malaysian Insurance Act 1996. … Continue reading

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