New financial rules to take effect from 1 January 2012

From next year, you will have to go through a financial adviser to invest in unit trusts. You cannot invest in them directly, unless you prove that you have the financial knowledge. This new rule has its positive and negative points. But its most negative point is that it does not address the underlying issue that it is trying to correct.
http://www.reuters.com/article/2011/12/19/singapore-funds-idUSL3E7N73ZT20111219