Articles

Helping Consumers Resolve Financial Disputes, The Consumer, 2019 Issue 3, pg 3 - "After an overseas business trip, Timothy took a taxi home from the airport. When making payment for the taxi fare, he realised his credit card was missing. He immediately called the bank to block the credit card and made a police report..."

https://www.straitstimes.com/business/7-tips-before-buying-insurance-from-a-bank
The Straits Times, 28 January 2018 - "1. ENDOWMENT PLANS ARE NOT SAVINGS ACCOUNTS. The banking product you thought you were buying might actually be an insurance product. Life insurance products, even those bought through a bank, have the same characteristics as those from an insurance company... 2. UNDERSTAND YOUR INSURANCE NEEDS. Customers should understand their insurance needs before buying insurance at a bank..."

https://www.straitstimes.com/business/disputes-over-credit-card-bills-and-payments
The Straits Times, 26 November 2017 - "Most of us use plastic for our purchases because of the ease and convenience it offers, so understanding how to safeguard our cards is more important than ever as we move towards a cashless society. The Sunday Times highlights two scenarios relating to credit card disputes provided by the Financial Industry Disputes Resolution Centre (Fidrec)..."

https://www.straitstimes.com/business/invest/8-hacks-to-safeguard-your-plastic
The Straits Times, 26 November 2017 "HACK #1: TAKE STEPS TO SAFEGUARD YOUR CARDS. It seems obvious but you should take steps to safeguard your cards. Take a scenario where workmen arrive to service your air-conditioner, the same men who have visited before. "While you have met these people before, you should always ensure that your credit cards are locked away, or else an adjudicator may find that you were negligent," said the Financial Industry Disputes Resolution Centre (Fidrec)..."

https://www.straitstimes.com/business/invest/fidrecs-role-in-resolving-cases
The Straits Times, 25 November 2017 - "It is never a pleasant experience when consumers are dissatisfied with their purchases. ... Sometimes it is not clear who is at fault and when the issue cannot be settled directly with the provider, the buyer and/or seller may take the legal and more costly route. The Financial Industry Disputes Resolution Centre (Fidrec) was set up in 2005 to provide an affordable alternative dispute resolution scheme that is independent and impartial..."

https://www.straitstimes.com/business/invest/have-cover-will-travel
The Straits Times, 12 November 2017 - "Insurance may offer ease of mind during travel but not guarantee complete protection, so it's best to scrutinise the policy to avoid any unpleasant surprises... The Sunday Times highlights two scenarios provided by the Financial Industry Disputes Resolution Centre (Fidrec) and a checklist for travellers..."

https://www.straitstimes.com/business/banking-on-a-fair-resolution
The Straits Times, 22 December 2016 - "As banks offer more insurance and investment products, what happens if disputes arise? ... It is all well and good if the tie-ups lead to happy customers who convert their savings into suitable financial investments that make their money work harder. But statistics from the Financial Industry Disputes Resolution Centre (Fidrec) seem to indicate otherwise..."