Tuesday 3 March 2015

E-learning portal launched to guide investors on unlisted Specific Investment Products

Channel NewsAsia, 2 Mar 2015

An online e-learning portal on unlisted Specific Investment Products (SIPs) has been launched by the Association of Banks in Singapore (ABS) and Securities Association of Singapore (SAS).

SIPs are investment products which contain derivatives or have features and risks that are relatively more complex, said the joint media release on Monday (Mar 2).

An industry initiative, the e-learning portal - http://sips.abs.org.sg/ - can be accessed for free by investors for them to better understand the features and risks of the unlisted SIPs. The two associations said that the portal complements the existing e-learning module developed by the Singapore Exchange for listed SIPs.

The portal offers five modules and advises investors on product suitability before they make an investment decision. There will be an assessment at the end of each module. However, investors will still be able to invest in unlisted SIPs with suitable advice without undergoing this assessment, said the joint release.

The five modules consist of:
- Foreign Exchange Margin Trading
- Contracts for Difference
- Structured Deposits and Dual Currency Investments
- Unit Trusts and Investment-linked Insurance Policies
- Structured Products

Said Mrs Ong-Ang Ai Boon, Director of ABS, “Consumers must not invest if they do not understand the products’ features and risks. While the banks and the financial advisory industry are responsible to promote financial literacy, consumers should also be proactive in making use of the e-learning portal to educate themselves on any of the modules."


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