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. [...]

TM AsiaLife has announced the withdrawal of their champion endowment plans, namely: TM Education (LP), TM Nest Egg (LP, LP05). This spells bad news for consumers as these plans offer great value to policyholders in terms of high guaranteed values and unbeatable track record. TM AsiaLife holds the record of being the only [...]

Following my first blog posting about employing fresh grads as advisers here, a lady contacted me to enquire about joining the industry. She had done quite abit of homework on the industry and have visited/interviewed a few IFA firms. As usual, beautiful pictures were painted about each individual firms and and [...]

An insurer placed an advertisement in today’s The Straits Times announcing their record of never reducing their bonus for their participating policies since they started more than 60 years ago. The are maintaining this “unmatched record” this year. According to the information I got, this move to reassure the consumers was prompted by [...]

“She rented private properties and dressed to the nines to give the impression that she was a big-time player in the oil trading and shipping industries.” writes the first paragraph of the article “$1.4m scam: Thrice-convicted cheat gets 12 years” in the May 9th issue of The straits Times. Yet another investment scam. [...]

It was reported in an article on today’s issue of The Straits Times that “more job seekers are more willing to pursue a career in the sector during bad times”. While the bosses of the insurance firms welcome this as they build up their agency strength, I am not too optimistic on this [...]

Mr Seng Wun Song, Regional Economist from CIMB-GK Research, delivered a seminar titled “What Are The Prospects of A 2009 Recovery?” at the SMART Investments & Properties 2009 held at Suntec Convention & Exhibition Centre today. Below are some of the keypoints (in my opinion):

The better than expected economic figures for Jan & [...]

“The superior man understands what is right;
The inferior man understands what will sell.”
Confucius

People in sales generally don’t command a high social status. Many will refer to them as “salesman”. The popular perception is that they will resort to all sorts of things so as to clinch the deal. Reason behind such behavior is [...]

A MLM company has been in the news recently when it was investigated by the Commercial Affairs Department (CAD) and its management subsequently charged for criminal breach of trust and other charges, including running a fraudulent business. This company reported collected $189 million from 20,000 investors in Singapore. Videos on Youtube showed of [...]

The economic situation must be grimer than I thought. Today, I receive a call from someone asking for a rebate…

The conversation goes like this;

A: Hello, is this XXX?

Me: Yes speaking.

A: This is YYY. You are from Promiseland right? Some companies are strict, some are not. [...]