Tuesday, April 05, 2011

Post office and financial product

The post office is not the right place to sell a complex financial product.
Read here.

3 comments:

Unknown said...

And MRT stations, Shopping Malls, and....and....and.....etc.
Those 'pretty young things' sure have alluring effects.

yujuan said...

The Post Office is now a rojak business entity, and is a moneylender, so maybe considered a Financial Institution, now they sell health insurance products, next they would be pushing investment products issued by Insurance Companies, that has nothing to do with Insurance.
Just wait and see.

Vincent Sear said...

The post office has been involved in financial services for ages. POSB started as a post office counter. Bill payment, money order and forex remittance services have been always there for the convenience of the public.

Bancassurance was introduced later but still in line and natural. Question should be, there shouldn't be any sales soliciting.

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