Wednesday, October 29, 2008

Savings of retired workers

My friend who works in the NTUC group told me that she was misled into investing in the structured product. Being financially trained, she was quite careful and asked about the product, before she made the investment. She was mis-informed about the product by the relationship manager.

I suggested to her that she should bring it to the attention of the leaders in NTUC, specially the ministers and members of parliament. So many people have been misled. Many of them are the retired workers who invested all of their life time savings. She agreed.