Dear all,
I’d stopped writing for quite sometime due to some of our new company’s policies. All website or blogs maintained by advisers have to be approved by the company regardless if the FA firm is named or un-named as long as wealth planning issues are discussed. Every future new blog postings must be also approved by the compliance team.
I am also not supposed to receive any leads or enquiries from the blog as it will constitute that this blog is meant to solicit business and cannot be regarded as a personal blog. If I have intention to get any referrals from this blog, then all my previous postings have to be reviewed and future articles have to go through checks to be approved.
i.e, If I am to write a personal blog, this blog must not mention any financial matters that can interest anyone to ask about the topic.
If I am to write a blog with mention of financial matters that can interest anyone, then all my articles will need scrunitisation and future articles need to be compliance approved.
I will need time to adjust. I have to remove my name, contacts as well as any links that people will know who I am before I can post my next article.
Hi Kiat,
It’s strange but also not surprising. Does it apply to past articles too? Let me know if you require me to remove your posts from my site ya.
I enjoy your articles and it will be sad to see u go. Personal finance blogs are relatively few and I hope that to see you posting soon.
Cheers!
By: Derek on May 30, 2011
at 3:28 pm
i like your blog, it is very useful.
Put disclaimer at the bottom of the page, just like for financial newsletters
By: steven on May 30, 2011
at 4:48 pm
You can post wihout any reference to your name..
Your company is concerned about your postings that harm their business especially your views on some of the products and the ways advisers approach clients’ need. The truth is your postings expose the inappropriate practices of some of the advisers.
Adrain, the best way to go for the industry is fee . Push for the commission to be banned. Contribute your proposals to MAS to ban commission. Australia has just banned commission and many more countries are hot on the heels.
I am sure you witnessed the evils of ‘anyhow’ selling practices in your company. It is the same everywhere, in the insurance companies and in the FAs too. The worst could be in some FAs.
All the best. Don’t stop blogging. you have educated many consumers who visited tour blogs. They are more aware now of the unethical practices of financial products salesmen especailly the high flyers who ;achieved mdrt or cot or tot. These are the worse salesmen.
By: The Watchman on June 7, 2011
at 11:53 pm