tag:blogger.com,1999:blog-11702093.post6701741152744296148..comments2024-03-28T22:56:40.743+08:00Comments on Tan Kin Lian's Blog: Get a better return on your CPF savingsTan Kin Lianhttp://www.blogger.com/profile/00617069056914635271noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11702093.post-46587608541334727102013-02-02T23:39:46.222+08:002013-02-02T23:39:46.222+08:00I heard that now insurance agents don't have t...I heard that now insurance agents don't have those single premium endowment to sell to their clients are now asking their customers to put their CPF OA into single premium ILPs....hopefully to earn for them more than 2.5%.<br />This is very dangerous because these agents would not have sold these single premium ILPs if there are single premium endowments. They are selling ILPs because they have 'nothing' to sell to make commission.<br />Are you surprised to know that the agents get 4% commission for single ILPs? The high commission is to 'embolden' the greedy agents to push ILPs even they don't know or afraid to sell ILPs before.The sales charge is 5%.<br />MAS must investigate these insurance companies to see if there is any malpractice.<br />MAS must also realise that this is to circumvent the ban to incentivise agents to sell particular products.<br />zhummmenghttps://www.blogger.com/profile/11494903461266369989noreply@blogger.comtag:blogger.com,1999:blog-11702093.post-46060450970470381892013-02-02T21:17:16.811+08:002013-02-02T21:17:16.811+08:00Read? Average CPF member is not stock market savvy...Read? <a href="http://createwealth8888.blogspot.sg/2010/11/average-cpf-member-is-not-stock-market.html" rel="nofollow">Average CPF member is not stock market savvy </a>CreateWealth8888https://www.blogger.com/profile/04870750974362417154noreply@blogger.com