Facing the problem of dwindling agent force, a major insurer has rolled out its own version of red carpet in a bid to stop the agent exodus and even recruit agents from other companies. This follows a previous article that highlighted this issue of agents jumping ship. According to The Straits [...]
The 11th July 2010 edition of The Sunday Times reported an interesting case of a couple who misled a Dutch writer. The article, The ‘millionaire’ Couple Who Couldn’t Pay Up, listed the extravagant lifestyle Ms A.J Hameedah and her husband Mr S. Thomas enjoyed and exaggerate claims made. Details of the charges and [...]
The good times are back! And it has spread to the life industry; in the form of firms dangling top dollars to lure top performers. The Straits Times article – Windfall for jumping ship, published on 10th July 2010 highlighted this phenomenon.
According to the article, “total compensation package could range from [...]
A major life insurance company in Singapore has embarked on on aggressive drive to increase their private integrated shield plan market share. They are now knocking door to door asking if you have upgraded your shield plan. While the one that knocked on my door was courteous and not pushy. I cannot say [...]
My friend’s (Winnie, not her real name) father was a victim of an overseas phone scam about 6 months ago. The scammers started by calling the victims and claiming that the are among 12 people in the world who had been drawn to be the lucky winners in a lucky draw. To claim [...]
If you have been approached by an Independent Financial Adviser (IFA) before, you would probably been told that IFAs can offer products from many providers and put client’s interest first. There is a fact and an opinion in the statement. The fact is that IFAs does have access to many different products from [...]
There has been push for the Mass Affluent and High-Networth-Individuals (HNWI) market by many financial institutions. This is a logically move looking from the business volume and margin angle. However, this trend does not necessarily benefit the mass affluent or the HNWIs.
When it comes to the mass market, 1 or [...]
The term Financial Adviser (FA) refers to the corporation and the individual providing the advice is called Financial Adviser Representative (FAR). There are 2 kinds of FA – Licensed and Exempted. Licensed FAs are required to hold the Financial Advisers (FA) license under the Financial Advisers Act (FAA). Exempted FAs are insurance companies, [...]
With the explosion of user generated contents like blogs and forums in the development of Web 2.0, many consumers will search the web before buying something. This has not gone un-noticed by service and product providers. Some have tried to get positive reviews by giving rewards, be it by cash or in kind. [...]
