"WITH pressure on regulators to clean up the financial planning industry increasing, the major players are taking back control and driving change from within. Meanwhile, the commissions versus fees debate has never been stronger. One side of the argument is that consumers should be given a choice when paying for financial advice and that many still opt for commissions over an upfront fee when given the option. The other is that commissions paid by fund managers to financial planners for recommending their products inherently give rise to conflicts of interest." Read the article from The Wall Street Journal HERE for more.

I appears to me that Australia is going through a heated debate regard commissions vs fees for financial planners. At least they are thinking about such issues. In Singapore? Consumers are naive and do not care even if they are cheated. As for MAS, what are they doing?