Yes , the association slouhd help policyholders to check if they have been recommended the appropriate products.It must also provide objective review to see if they have been misled or misrepresented.Guide consumers on procedures to seek redress from miss-selling and other misconduct by insurance agents and RMs and other legal recourse for compensation .It is time consumers are aware of their rights. The insurance agents are not what you used to think of, the respectable salesmen who 'helped' you with your risk management.They are wolves in sheep's clothing. They have cheated you without you knowing it and sold products that benefit them and not you. They get to go to overseas trips and earn those dubious titles.It is pay back time for insurance agents or whatever new titles they have taken on. Financial consultants , senior or executive they are saleswolves in disguise.The association will support and push for change in the remunerationsystem from commission to fee basedand also the way financial products are sold and consumers' needs are approached.It must press for product selling to be banned and make need based compulsory.To convince MAS this is the way to get rid of miss-selling and misrepresentation for product selling and pushing is the cause ofthe current debacles.I will support this initiative.It is timely. It is the best of times to make it the worst of times for the errant insurance agents and salespeople.

by Dominic 05:17:13 PM 2013.03.14