The talk is fully taken up (100 people have registered). We will be arranging another class, tentatively for 20 October. This will be put up separately for registration.
http://easyapps.sg/assn/Org/Event.aspx?id=5
http://easyapps.sg/assn/Org/Event.aspx?id=5
This shows consumers want to know about retirement planning which only a few qualified retirement planners know.Not surprised because in this market there are insurance agents disguising as planners peddling so called retirement products which are NOT suitable for 90% of Singaporeans.
ReplyDeleteRetirement planners are usually good investment planners.The next time you meet a salesman pitching a retirement product ask him or her if they are qualified retirement planner. Avoid them if they only want to talk to you about products. Will you trust your doctor if he or she pitches you the latest products?
Avoid insurance agents if you want to retire comfortably.
Consumers must be impressed that the insurance products CANNOT accumulate for retirement. Worse, insurance products give NEGATIVE real return.
ReplyDeleteConsumers must realise that insurance is for insurance, to insure against risks and NOT for saving. Endowment or wholelife insurance is the POOREST product to use to insure your personal risks and for saving. They are only good to enrich the salesmen and the company. What is for these people is never good for consumers.Consumers' interest conflicts with the agents' and their company's interest.
To ensure win win MAS must reduce the par products' total commission to 40% spread over 6 years and dismantle the agency' multilevel structure.This is the only way to help consumers to be adequately insured and their money work harder.