tag:blogger.com,1999:blog-11702093.post2858732810866924034..comments2024-03-28T22:56:40.743+08:00Comments on Tan Kin Lian's Blog: Life insurance agents are poorly trained - from the horse's mouthTan Kin Lianhttp://www.blogger.com/profile/00617069056914635271noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11702093.post-85004053509377277352015-06-20T11:29:05.583+08:002015-06-20T11:29:05.583+08:00Recent report by CPF shows the the approved CPFIS ...Recent report by CPF shows the the approved CPFIS funds make about average 6% only a very small percentage made above the OA 2.5% and the rest is LOSS. What does it tell you, especially to MAS and CPF?<br />It tells you that insurance salesmen are salesmen and they are investment fund salesmen only and NOT investment advisers. It tells you these salesmen are NOT competent and unqualified.This has been going on since 2001 and why CPF and MAS are not investigating? Why CPF and MAS are allowing CPF members' money to be put to so much risks in the hands of these salesmen? The money is members' retirement fund. Is it a wonder why many members cannot meet the minimum sum? CPF should ban insurance salesmen from milking their clients' hard earned money.<br />It is the responsibility of MAS and CPF to see Singaporeans' CPF fund grow and not a source or pot of gold for the insurance industry and their salesmen to get rich quick. <br />MAS and CPF should be held accountable to Singaporeans for their policies.The Watchmannoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-73043004031730095432015-06-19T17:45:49.293+08:002015-06-19T17:45:49.293+08:00New agents or old agents they don't make any d...New agents or old agents they don't make any difference if they have just only CMFAS certs. IF THEY DO MAKE A DIFFERENCE, THE DIFFERENCE IS THE CUSTOMERS ARE POORER AFTER BUYING THE PRODUCTS. <br />CMFAS certs are for licensing and they don't equip these salesmen to do what they are supposed to do...advising or planning.<br />Without these certs salesmen can also sell if they know the products. Anonymousnoreply@blogger.com