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Ex-MP Ong Kian Min Right About Misleading “Financial Consultant” Titles 10 Years Ago

It’s perhaps cliché to claim to be passionate about one’s job, but I think I prove it by spending my Saturday morning reading and analysing the Parliamentary record of then-Chairman of MAS Lee Hsien Loong presenting the bill for the Financial Advisers Act in 2001.

Reading through the hansard, I realised then-MP Ong Kian Min had already identified potential problems which are indeed prevalent in the financial industry now. I am quite surprised at how similar his points were to the reflections I have had over the course of my work, even though it was spoken some ten years ago!

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