Written By: Tiang Chuan on August 26, 2010 No Comment
Landbanking firm Raided by CAD

A prominent landbanking firm with the well-known tagline of ‘Buy UK Land!’ was raided by CAD last week, according to a report in the 26th August 2010 issue of The Business Times. The story was reported in the Today paper on 20th August.

According to The Business Times report, documents were carted [...]

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Written By: Tiang Chuan on August 18, 2010 No Comment
Insurer Facing Manpower Drain Retaliates

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 [...]

Written By: Tiang Chuan on August 16, 2010 2 Comments
Looking For Dividend Yield? Try Asset Allocation Instead

Asset allocation can offer investors cash flows similar to dividends stocks with lower risk. Read the article – Looking for Dividend Yield? Try Asset Allocation Instead to find out more.

Written By: Tiang Chuan on July 31, 2010 No Comment
Sunshine Empire’s James Phang gets 9 year jail sentence

The law has caught up with Sunshine Empire’s mastermind James Phang. Phang who was sentenced to 9 years’ jail term and $60,000 fine. Phang’s wife, Neo Kuon Huay was fined $60,000. Former director Jackie Hoo Choon Cheat was sentenced to 7 years’ jail. The trio will be appealing against their convictions. These were [...]

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Written By: Tiang Chuan on July 25, 2010 2 Comments
Landbanking Firm’s High Return?

A landbanking firm placed a half page advertisement on the 25th July 2010 edition of The Sunday Times. In the advert, a 28.24%  average rate of return was reported. The figure was even reported to be audited by a large audit firm.

Average rate of return is not the standard way [...]

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Written By: Tiang Chuan on July 24, 2010 No Comment
High Lapse Rate After ‘Free’ 1st Year Cover

1 year ago, an FA firm (not an IFA) ran a promotion that offers a ‘free’ first year term coverage by rebating the whole first year premium. Now that promotion has backfired and the insurer wants to claw back more than $7m in commissions and volume discounts due to the high [...]

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Written By: Tiang Chuan on July 17, 2010 No Comment
Sunshine Empire Trio Convicted

The Straits Times reported that the founder of Sunshine Empire was “found guilty by a district court for running a fraudulent scheme and for faking account“. James Pang Wah, Jackie Hoo Choon Cheat and Neo Kuon Huay will be sentenced on July 30. Those who have invested with Sunshine may want to check [...]

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Written By: Tiang Chuan on July 11, 2010 No Comment
Empty Vessels Makes The Most Noise

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 [...]

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Written By: Tiang Chuan on July 10, 2010 No Comment
Windfall For Jumping Ship

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 [...]

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Written By: Tiang Chuan on July 7, 2010 No Comment
Beware Of The Agent Knocking At Your Door

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 [...]

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