Financial Plan - help to promote this tool

Please inform your friends and other contacts, by email or facebook, that they can get a financial plan using the following website:

www.easysearch.sg/life21

http://projects.easyapps.sg/life21d/Planning.aspx

The financial plan is free and is important for consumers to have a feel of their financial future. It will help them to make the right way to save and invest their savings, and avoid getting a poor yield.

If you are an active user of Facebook or other social media, you can these channels and viral marketing to tell your friends and ask them to tell their friends.

Tan Kin Lian

A consumer view about Fidrec

Mr. Tan
Just like the first comment on your blog, both FIDREC and the adjudicator are on the FI's side, be it the Bank or the Brokerage.

FIDREC's expenses in staff and office are financed by annual contributions from the FIs, so this body knows exactly who is their boss,honestly the adjudication stage is just a show, the process and outcome is just the same.

We could only show sympathy for the victims in private, no use bringing up to MAS, all of them work in collaboration for show only.

We put too much trust in this Govt, who let us down in times of need. One investor said that the adjudicator finally said during hearing, that investor should put the entire blame on MAS who allowed the derivatives to be sold to retail investors, not fault the FI who sold them, the FI is only the go between agent.

With such feedback, would it be much help to bring up to MAS attention about the adjudication's process. The buck is being pushed around in a merry go round. Just swallow the humiliation, and move on.
Consumer

Spa victims writes to political parties

Dear Sir,

Thank you for your civic mindedness once again.

I would like ask an open question.

I had written to all the opposition parties about the True Spa Subtle Senses incident, but no one has taken up this issue to be discussed in the coming election. Neither have they responded to me.

Ministry of Trade and Industry recently introduced changes to the consumer protection law, albeit very late. At least they are responding but it is still too little too late. And they are also not addressing the petition that some 400 true spa victims have submitted to MTI.

I being to wonder if when the Opposition comes to power one day, will they also act like the PAP.

Thank you,

Spa Victim


My reply
It is not fair to expect the "opposition" politicians to do anything when they are not in power, and  not even in Parliament. It is the duty of the elected leaders and MPs to address these issues. 

Oil price and US recovery

Hi Mr.Tan,
With the already highest COE price for cars in Singapore and in the World, the next scenario of higher oil prices with surely put a dent on all the prospects of sustained recovery etc. as I can't imagine the impact of higher petrol price here?
$5 Gas In 2012, Ex Shell President Predicts
http://money.cnn.com/2010/12/27/markets/oil_commodities/