Print this article
HK Advisors Unsure On The Effect Of ILAS Regulatory Changes
Vanessa Doctor
19 August 2013
With new requirements on the sale of investment-linked assurance schemes products in Hong Kong, on-ground advisors are saying they are not sure how the changes would impact their business, research from disclosures are still to be decided. In Singapore, advisors were more certain on the changes to the Financial Advisory Industry Review, where 50 per cent believe there would be a positive regulatory impact and 44 per cent thinking it would be negative. Just 6 per cent were unsure. As with Hong Kong, advisors in the city-state said the effect on consumers would be positive (61.1 per cent), with only 22.2 per cent disagreeing and 16.7 per cent not sure. The survey of international advisors conducted by Skandia was based on responses of 60 advisors in Hong Kong and Singapore.