Financial advice

Dear Mr. Tan

Please see newspaper Today B1: MAS clearly said, if a broker recommended aproduct to an investor and convinced the investor to buy the product, then the IFA or broker is not longer acting merely as an introducer or executor but is providing financial advice. In this instance, the relevant provisions of the Financial Advisors Act would apply.

DG

Means testing for subsidised wards

If you have wish to be treated in a subsidised ward and you have an income that exceeds the means testing level, you will receive a lower level of subsidy. The difference is 15% of the bill.

More details are found here in this article:
http://www.tankinlian.com/articles/health.html

Statement from Ministry of Health website:
http://www.moh.gov.sg/mohcorp/default.aspx