Wednesday, October 04, 2006

Disappointed with Dynamic Guaranteed Fund

Dear Mr Tan,

I am a loyal customer of NTUC Income. I am quite upset about the way my investment was managed. I was introduced to the Dynamic Guaranteed Fund 5 years ago by my insurance agent.

After a couple of years, I realised that the fund is not progressing. I requested an explanation and was told that I can switch to Ideal Plan. I decided not to make the switch then.

My grudge is why must I hold on to the fund for 5 years if the fund managers are not confident of delivering good returns? Shouldn't my money be refunded back without incurring any cost so that I can make a better return elsewhere?

Though it was just a token sum of money that I had invested, I have decided not to purchase "You Need Trust" in future as I can only trust myself.



Dear NHL

I am sorry that you are disappointed with the investment. Many people share your same views.

I hope that you have received our FAQ that explain the situation. I am not able to beyond what has already been explained. I hope that you understand my difficulty.

Tan Kin Lian


observer said...

To the concerned:

Life is certainly uncertain, especially so eversince the 9/11 incidents.

No one on planet Earth can guarantee 100% guaranteed returns - not even any banks or the World Bank.

Having said, we have to decide for ourselves and take calculated risks in whatever we do.

The 'safest' bet is - do not put not just all eggs but also too many eggs in one basket.

Life is all about BALANCE.

Alamah said...

There was 3.5% bonus given to DGF policyholders if they switch to other funds.

I know someone has converted it to growth, his investment grow by more than 30%.

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